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Around the Industry

Around the Industry

ProfitStars profitability tool adds CECL component The profitability-boosting ProfitStars Financial Performance Suite now includes a CECL component to help community banks achieve compliance ahead of the 2021 deadline. Community banks can use this component to compile and categorize historic loan data, while the Financial Performance Suite’s customer pricing module gives banks a more complete picture

ICBA to CFPB: Curb HMDA Reporting Proposals

ICBA called on the Consumer Financial Protection Bureau to ensure its proposed changes to the Home Mortgage Disclosure Act do not restrict community bank lending. In a comment letter, ICBA said that the CFPB’s proposal to expand data collection and reporting rules would compound existing regulatory and paperwork burdens affecting community banks, their customers and

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