Preparing for Section 1071
Abrigo
SEPTEMBER 14, 2022
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. CFPB alleged that the CFPB unlawfully withheld and unreasonably delayed agency action by failing to implement Section 1071. Points of Note. SBA Lending.
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