News & Information

Dramatic Changes in 2022 Census
Tracts Compared to 2021 Tracts
Beware the Dramatic Implications for every bank! The effect of the switch-over from the census tracts for 2021 (based on the 2010 Census) and the 2022 tracts (based on the 2020 Census) cannot be overstated. Not only was there a very significant increase in the number of tracts (from 74,001 to 85,395 – a 15.4% increase), but tens of thousands of tracts changed their income classifications and their majority-minority status too. It is imperative that bank risk officers be aware of and study the implications for their bank’s CRA responsibilities and Fair Lending implications. Not being aware of these changes…
Agencies ramp up redlining actions. Putting pressure on Community Banks to expand Assessment Areas
Since the beginning of 2022, we’ve noticed an increasing number of community banks being pressured to expand their Assessment Areas and to annex nearby urban areas. There have been too many examples that we have seen for this to simply be a coincidence. The phenomenon appears to be emanating from a much more aggressive policy mandate issued by regulatory leaders in Washington DC. In fact, on October 22, 2021, the CFPB and the DOJ announced a new initiative called the “Combatting Redlining Initiative” In their Press Release, the DOJ states, “redlining is not a problem of a bygone era but a practice…
Just when you thought CRA couldn’t get more complicated – it just did!
Dear Banker, If the 2022 CRA NPR has you confused think again. Congresswoman Maxine Waters has just proposed legislation that makes the situation all the more confusing. Ms. Waters has just introduced a bill that would change the definition of small business and would mandate every bank to have “Community Advisory Committees” consisting of “a diverse group of consumer, housing, community development, and other stakeholder groups” that must meet quarterly with bank executives. The foregoing are only some examples of what Chairwoman Waters proposes in her legislation. If you want to get a peek at what’s coming down the HR…
2020 reported Community Development and Consortium Lending for the entire country
One of the most important CRA responsibilities for Intermediate-Small Banks and Large Banks is “Community Development Lending”. But while Community Development Lending is critically important, there is very little information available about the Community Development Loan Market. GeoDataVision has captured all the 2020 reported Community Development and Consortium Lending for the entire country and has prepared the data in extremely useful and easy to read market reports for each state. This is the most recent data until the FFIEC releases the 2021 data expected in December 2022. The reports rank each reporting lender based on the value of their reported…
2022 MSA map available for free on the internet
GeoDataVision is pleased to announce the availability of free interactive Metropolitan Statistical Area Maps on the Internet. MSA’s are a very important factor in Assessment Area delineation for CRA purposes. The map can be used to pan across and zoom into any area within the United States. You can even enter an address to see what MSA the address is located in. Feel free to send your ideas about maps you would like to see GeoDataVision post on the Internet. Simply email your requests and ideas to jean@geodatavision.com
Trident Mortgage
The Trident Mortgage redlining fine should be a reminder to compliance risk management officers about the Fair Lending pitfalls a lender can fall into. It is clear that the DOJ and the “Bureau” have marching orders that differ from that of their predecessors. GeoDataVision Fair Lending Guru, Rocky Pizzarello has developed a document that summarizes the “takeaways” to be learned from the Trident Mortgage case. Mr. Pizzarello is one of the most experienced Fair Lending experts in the country. The bullet point memo he has compiled is a good checklist for monitoring your potential exposure and preventing the catastrophe that…
2022 CRA NPR: Maybe Some Regulators are Listening
There are some signs that regulators are becoming aware of the major problems inherent in the 2022 CRA NPR and are starting to question the cost and benefits of the proposed Rule. In an August 6, speech before the Kansas Bankers Association, FRB Governor Michelle Bowman said, “While I am a strong supporter of the fundamentals behind CRA, and I support community development activities, I am concerned that the proposal does not adequately account for the costs and benefits of certain provisions, and that no attempt has even been made to either ensure that or to analyze whether the benefits exceed the…
CRA NPR would exempt more than 2,000 leading small business lenders from CRA examination in more than 1,000 markets!!
The controversial 2022 CRA NPR comment period ended on Friday, August 5. While the proposed Rule does have some very good improvements in the Regulation, it also had some very serious, if not fatal, flaws. The NPR was long (679 pages) and complicated. In fact, the proposed Rule was so complicated that even the regulators seemed not to understand the strange consequences of their proposed ideas. A good example can be found in the application of the concept of “Major Product Line” which would subject only those retail product loans that constitute at least 15% of the dollar value of…
The Disastrous CRA NPR: Free Live Session with Nationally Recognized CRA Experts Ken Thomas and Len Suzio
Dear Banker,As I write this email there are fewer than 30 days to go before the comment period ends on the proposed CRA Rule that, based on data in the NPR, would increase the CRA exam failure rate by more than 500%.Make no mistake about it, if passed as proposed, the proposed Rule will have serious negative consequences for banks – and the numbers in the proposed rulemaking make that abundantly clear!Nationally recognized CRA experts Ken Thomas who literally wrote the book on CRA and Len Suzio will be interviewed by Dean Stockford, President of M&M Consulting during an informal Internet meeting to…
GeoDataVision announces online Free 2022 Tract Income Class maps
Dear Banker, Everyone has been inquiring about the new 2022 census tracts and their income classifications. The FFIEC as of this date (June 29, 2022) has yet to post the 2022 tract income classes on its geocoding website (although it does allow geocoding to the tract identity). GeoDataVision has now created an online 2022 Census Tract income class map that allows users to enter an address and identify the tract in which a record is located and the 2022 tract income class. For anyone interested in accessing this geocoding opportunity please visit: GeoDataVision 2022 Tract Income Class Map
🔥🔥New CRA NPR May be a Double-Whammy for banks🔥🔥
As I continue to review the 2022 CRA NPR I am recognizing more and more potential problems for bankers if the Rule is adopted as proposed. Today I am going to briefly comment on what I call the “Double Whammy” for banks subject to the new proposed Retail Lending Test. What do I mean?The NPR proposes that banks be evaluated under the Retail Lending Test not only in their traditional “Facility-Based Assessment Areas” but in new “Retail Lending Assessment Areas” and “Outside Areas” too. This is one of the most radical provisions in the NPR. It means that bank lending outside of the branch assessment areas will be subject to scrutiny for the first time ever – and it can…
2022 CRA NPR: A 5‐Alarm Fire in the Making for Banks
Register for the webinar Dear Banker, Readers and reviewers of the 2022 joint CRA NPR issued by the bank regulators on May 5 may be overwhelmed by the long (679 pages) and complex proposed rule-making document. Just trying to grasp the proposal is a daunting task. For sure, the NPR does contain some overwhelming changes including bank sizes, assessment area delineation rules, deposit reporting for very large banks, and the application of new tests. It takes a while to absorb the number and magnitude of the changes within the proposal. But buried in the document are some tables developed by…
New unique 2022-2021 census tract reference books from GeoDataVision
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2022 Community Reinvestment Act Census Tract Reference Books
GeoDataVision President Len Suzio announced the release of the free 2022 Census Tracts with Majority-Minority tract designations. “The FFIEC released these files 10 days ago and we at GeoDataVision are making available for free listings of the new 2022 tracts so bankers and the public can identify the new tract identities and those determined to qualify as “Majority-Minority” status based on a minority population that exceeds 50% of a census tract’s total population. These are very important for Fair Lending analysis”, said Suzio. The tracts listings are available by state and organized by County name and census tract number.
Free Small Business Lending Market Rank & Share Reports
2020 CRA Aggregate & Disclosure Data was finally finally released last week, on December 21 by the FFIEC. GeoDataVision has now compiled the data into a variety of market reports that are invaluable for market analysis as well as regulatory compliance purposes. (The 2021 aggregate and disclosure data will be available Dec 2022) We are making available the statewide Small Business Loan Market Rank & Market Share Report for free (limit 3 states per bank) for anyone interested. Find out who is #1 for small business lending in your state and how your bank compares. Just visit Small Business Lending…
2021 Community Reinvestment Act Census Tract Reference Books
Every year the FFIEC issues updated demographic databases for Community Reinvestment Act purposes. The FFIEC was unusually late publishing the data this year. Bankers have been waiting months for the 2021 demographics to be released. GeoDataVision has prepared CRA Census Tract Reference books available for free on the GeoDataVision website. The free GeoDataVision CRA Census Tract reference books are organized by state, county and tract and contain tract identities plus the following invaluable information: Tract income classification,Tract majority/minority statusTract distressed statusTract underserved statusthe 2020 EMFI needed to compute borrower income class for 2021 The reports also summarize the above information…
FFIEC announces delayed release of the new 2022 census tracts
On Friday, March 18, the FFIEC explained why the anticipated new 2022 census tracts which will be based on the Census 2020 results have been delayed and simultaneously announced the anticipated release schedule. Below is the detailed explanation. FFIEC Statememt: Due to delays with multiple products from the U.S. Census Bureau, the FFIEC has faced challenges in releasing the 2022 FFIEC Census products. In order to respond to user needs, the FFIEC will release the various FFIEC Census products in a sequential manner as the data become available. Using the Census Redistricting Data released on August 12, 2021, the FFIEC…
 Compare Tract Inc Class Summary Tables
GeoDataVision Announces Summary of 2019 Community Reinvestment Act Tract Income Class Changes
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