Links in “Agencies”

OCC's Curry says that raising the asset threshold for small banks to $1 billion would mean an additional 600 banks would qualify for the 18-month examination cycle. [12/4/15]

New York Fed publishes a report finding complaints about payday lenders charging excessive fees or targeting minorities do not hold up to scrutiny. It also cites reports that rates charged by payday lenders, when risk-adjusted, are comparable to other financial institutions. [12/4/15]

The OCC has made public a list of CRA performance evaluations for 25 institutions, available here. The ratings appear favorable overall, with eight institution’s receiving an “outstanding” rating, seventeen “satisfactory,” and zero ratings of “needs to improve” or “substantial noncompliance.” [12/2/15]

The FDIC has released guidance to aid institutions in areas of Texas affected by flooding and severe storms, encouraging institution’s to work with borrowers experiencing difficulties caused by extreme weather. This involves extending repayment terms, restructuring existing loans, and regulatory relief from certain filing and publishing requirements. [12/2/15]

The Department of Treasury has published opening remarks offered by Secretary Lew at the 2015 Financial Inclusion Forum. Naturally, his comments focused on the importance of broadening access to financial services. However, they also touched upon the importance of regulation and supervision. [12/1/15]

Buried within the lengthy CFPB report are some key opportunities outlining the potential for mobile devices to improve access and services to the underserved. But it also draws attention to some of the risks presented by reliance on mobile financial services. [12/1/15]

The CFPB's regulatory agenda for next year includes collecting data on lending to women-owned, minority-owned, and small businesses. Please pass the Advil. [12/1/15]

While online marketplace lenders were noticeably absent from the CFPB's recent rulemaking agenda, recent actions make it clear that they are still high on the bureau's enforcement agenda. [11/30/15]

The CFPB's complaint report highlighted deposit accounts this month, which make up about 10% of the total complaints it receives. About 44% of those complaints had to do with account management, such as consumers unable to open an account and uncertain as to why. [11/30/15]

OCC, Fed, and the FDIC announce their sixth and final outreach meeting to review the Economic Growth and Regulatory Paperwork Reduction Act of 1996. [11/30/15]