Search Results
Journal Article
How Valuable Are External Auditors to the Banking Industry?
Although regulators often rely on third-party auditors in monitoring the banking industry, does the quality of auditors’ work justify the costs?
Journal Article
\\"Banking Deserts\\" Become a Concern as Branches Dry Up
Find out how many people, including minorities and the poor, are affected by these deserts and which area of the country is likely to see more of these.
Journal Article
Was the Paycheck Protection Program Effective?
The Paycheck Protection Program offered timely COVID-19 relief, but a new study found that most of its funds failed to reach the workers it was meant to help.
Journal Article
How Fast Will Banks Adopt New Technology This Time?
We offer insight into this question of what might happen with respect to the introduction of new technologies by looking back at what did happen following introduction of an earlier technology: bank websites. If the past is prologue, this may foretell how technological innovations in banking will be diffused in the future.
Journal Article
Scale Matters: Community Banks and Compliance Costs
Research shows that complying with government regulations is more burdensome for smaller community banks than larger community banks. Despite spending proportionately more resources on compliance, the smaller banks do not perform as well as the larger ones, at least in one key metric.
Journal Article
How Branch Closures Affect Access to Banking Services
When local bank branches close, customers may have to travel longer distances for financial services, which is more often the case in rural areas.
Working Paper
Does the Community Reinvestment Act influence lending? an analysis of changes in bank low-income mortgage activity
Anecdotal evidence that the Community Reinvestment Act (CRA) influences the lending behavior of financial institutions has not been uniformly supported by empirical research. We revisit this issue by evaluating changes in low-income mortgage lending at commercial banks over the 1992-96 period. Our empirical results fail to support a hypothesis that banks respond to public and regulatory pressure exerted as a result of a downgrade in CRA rating by increasing low-income mortgage lending. The findings are consistent with the contention that during this period regulators stressed adjustments in ...