Monthly Archives: July 2018

NYDFS Calls for Stronger Rules for Online Lenders

New York’s Department of Financial Services (NYDFS)  has recommended that online lenders are subjected to the same scrutiny and regulations that traditional banks face.  A bill signed by Governor Andrew M. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. Superintendent Maria T. Vullo announced the [...]

July 16th, 2018|

How Controlling for Local Competitive Environments May Reduce Fair Lending Pricing Risk

Lenders operating across multiple metro areas, in ADI’s experience, provide their branches with national rate sheets through which they price first-lien mortgages. Despite the single rate sheet, the lender’s many branch managers confront different competitive environments and are often tasked with refining rate sheet-based pricing to meet local conditions and maximize loan originations. Branch Manager [...]

July 11th, 2018|