Remove 2020 Remove CECL Remove Credit Application
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Preparing for Section 1071

Abrigo

In February 2020, a settlement was reached, and by September 2021 the CFPB had issued the NPRM. CECL Regulation. Lending & Credit Risk. Portfolio Risk & CECL. In fact, it took a lawsuit initiated by a California community group in 2019 to get things moving. California Reinvestment Coalition v. Points of Note.

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Twenty Action Priorities for Credit & Collections Managers

Trade Credit & Liquidity Management

Improve Credit Onboarding Automation and Controls: Provide a customizable credit application portal for new accounts that requires the documentation and an appropriate customer credit application to be completed fully and accurately prior to submission to the credit department. Twenty Action Priorities 1.