2021 CECL Credit and Collections Credit Unions 
Abrigo
MAY 22, 2024
Recent stats and dynamics of the small business lending market Understanding the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. Dynamic market Small business lending by banks & credit unions Small businesses are a pillar of the U.S.
Abrigo
APRIL 22, 2024
Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. Dynamic market Small business lending by banks & credit unions Small businesses are a pillar of the U.S.
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Abrigo
DECEMBER 27, 2022
billion to fraud in 2021, a 70% increase over the prior year. Or they claim their targets have won a foreign lottery or sweepstake, which they can collect for a "fee." Lending & Credit Risk. Portfolio Risk & CECL. The post 2023 Fraud trends: What banks and credit unions can expect appeared first on Abrigo.
Abrigo
DECEMBER 4, 2020
2023 CECL adopters vary in transition progress Financial institutions face considerable questions and obstacles in regard to their transition to CECL. You might also like this webinar on CECL in economic downturns. Luckily, it seems most financial institutions have remained committed to their CECL preparations.
Abrigo
JUNE 4, 2019
The Financial Accounting Standards Board’s new current expected credit loss (CECL) standard, known as one of the biggest changes to bank accounting. Because of the complexities and changes that CECL brings, there are many questions surrounding implementation, potential effects, and more. When does the CECL standard take place?
Abrigo
MAY 31, 2019
1564 , calling for a delay in the implementation of the Financial Accounting Standards Board’s current expected credit loss (CECL) standard. The bill would delay CECL until a “quantitative impact study can be completed to understand its likely effects it will have on the economy.” Thom Tillis (R-NC) introduced a bill, S.
Abrigo
SEPTEMBER 14, 2022
What banks need to know as the CFPB gets closer to its final rule Banks, credit unions, and other creditors may be required to collect more data for each application under a new rule. You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." Proposed Rule.
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