News & Information

GAO Report Reveals Fair Lending MRA’s – Community Bank rate of issuing MRA’s more than doubles!
Dear Banker, Last year we learned that the Department of Justice Attorney General, Meritt Garland, announced an aggressive "Combatting Redlining Initiative." At GeoDataVision we've observed the impact of this action on a growing number of community banks. However, what came to light this summer in a report from the General Accounting Office is that the […]
READ MORE
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% […]
READ MORE
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 […]
READ MORE
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 […]
READ MORE
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 […]
READ MORE
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 […]
READ MORE
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 […]
READ MORE
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 […]
READ MORE
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 […]
READ MORE
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 […]
READ MORE
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 […]
READ MORE
🔥🔥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 […]
READ MORE
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 […]
READ MORE
New unique 2022-2021 census tract reference books from GeoDataVision
GeoDataVision has received many inquiries about the changes in census tract identities, income classification, and minority status. So we have prepared one-of-a-kind tract reference books that juxtapose the 2022 tracts and their income class and minority status. If you would like a copy of the free 2022-2021 tract comparison reference books fill out the form […]
READ MORE
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 […]
READ MORE
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 […]
READ MORE
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 […]
READ MORE
image
Community Development Lending Reports
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. The most valuable data publicly available is the annual Community Development file released by the FFIEC. But anyone […]
READ MORE

© copyright 2024. All Rights Reserved

View GeoDataVision documents on JD Supra