Category: Credit

Capital and Risk, Credit

CFPB Report Finds Disparity in Number of Credit Report Disputes in Black and Hispanic Neighborhoods

November 22, 2021

Via: JD Supra

The CFPB recently released a report on Consumer Credit Disputes finding that consumers in majority Black and Hispanic neighborhoods had a disproportionally higher amount of disputes on their credit reports. The report indicates that this trend was across several credit […]

Capital and Risk, Credit

Farm Credit Administration Issues Standards of Conduct Rule

November 4, 2021

Via: JD Supra

The Farm Credit Administration (FCA) last month issued a final rule governing the standards of conduct (SOC) of directors and employees of Farm Credit System institutions (System Institution). The rule excludes the Federal Agricultural Mortgage Corporation (Farmer Mac). The final […]

Capital and Risk, Credit

A Guide To Qualifying For Bad Credit Loans

October 22, 2021

Via: TechBullion

If you’re worried that you may not qualify for a loan, whether it’s due to either bad credit or a lack of credit history – don’t worry, you are not alone. If you have run up a few debts with […]

Capital and Risk, Credit

The Gap in the Three Lines of Credit Risk Management Defense

October 21, 2021

Via: Bank Director

I started my banking career in the credit management training program of a regional bank, where I later became the head of corporate banking. Subsequently, I became a chief credit officer and, ultimately, the CEO and board chairman of a […]

Capital and Risk, Channels, Credit

Retail groups urge credit swipe routing changes

October 19, 2021

Via: Payments Dive

Over 10 years after Congress brought competition to how in-store debit card transactions are processed, the Federal Reserve is finally seeking to clarify that the same rules apply to online debit transactions as well. The move has been strongly backed […]

Capital and Risk, Credit

Smart Ways to Find Loan Growth

October 1, 2021

Via: Bank Director

In a long career focused on credit risk, I’ve never found myself saying that the industry’s biggest lending challenge is finding loans to make. But no one can ignore the lackluster and even declining demand for new loans pervading most […]

Capital and Risk, Credit

Are Small Differences Between Credit Scores Normal?

September 21, 2021

Via: PR Newswire

If you regularly check your credit scores you might check them from different sources at the same time and see you have different scores. You also might notice that scores fluctuate from one month to the next—or even from one […]

Capital and Risk, Credit, Regulations

Credit Union Client Alert – Wells Fargo Must Pay $250 Million Fine

September 14, 2021

Via: JD Supra

The Office of the Comptroller of the Currency (OCC) issued a $250 million civil penalty against Wells Fargo Bank, NA for flaws in the bank’s home loan loss mitigation program. In addition, the OCC issued a cease-and-desist consent order requiring […]

Capital and Risk, Credit

Motivation for Mergers Will Grow as Interest Rates, Loan Growth Stay Low

August 20, 2021

Via: Bank Director

The pace of announced mergers among rated U.S. banks has accelerated and is likely to gain steam. The limited prospect of material loan growth makes asset growth via mergers and acquisitions increasingly attractive. And as we anticipated, more banks are […]

Capital and Risk, Credit, Regulations

Digital-only credit union latest institution to scrap overdraft fees

August 5, 2021

Via: Banking Dive

Alliant Credit Union, a digital-only credit union with a national reach, said it will stop charging customers fees when they overdraw their accounts. The Chicago-based credit union’s announcement follows a similar one made by Detroit-based lender Ally Bank in June, […]