Abrigo

MARCH 19, 2021

How credit unions can manage CECL data challenges As credit unions prepare for the Current Expected Credit Loss standard, they'll uncover several data issues they'll need to address. You might also like this webinar: CECL in 2023 - Steps to Take This Year. DOWNLOAD/WATCH. Related Subhead. maturity dates.

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Credit Unions CECL Credit and Collections Default 78

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?

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CECL Credit and Collections Credit Unions Default 74

Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. Abrigo's blog covered these and other subjects in 35 credit and lending-specific posts this year.

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Credit Risk Credit Unions Dashboards CECL 88

Abrigo

MARCH 13, 2024

How to respond to CRE loan distress Use these tips for banks and credit unions to identify and handle commercial real estate loans that are showing signs of being problem CRE credits. Takeaway 1 Engaging the bank or credit union loan workout team or an outside expert can help restore CRE loans in distress or mitigate their impact.

Credit Unions 88

Credit Unions CECL Default Credit Risk 88

Abrigo

AUGUST 21, 2017

Compared to existing ALLL requirements, Accounting Standards Update 2016-13 (CECL) will require more inputs, assumptions, analysis and documentation, making the option to automate the process significantly more attractive for many institutions.

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CECL Default Credit Unions 60

Biz2X

SEPTEMBER 3, 2024

The Impact of Recent Lending Policies Across industries and sectors, possibly the most significant shift in lending policy has been the tightening of credit standards. While CECL does enhance financial stability, it can also be costly, as it requires them to develop more sophisticated risk assessment models.

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CECL Credit and Collections Default Credit Scoring 40

Pactola

JULY 20, 2020

banks of JPMorgan Chase & Co, Citigroup, and Wells Fargo took huge hits to their second quarter profits to stockpile $28 billion to cover losses as consumers and businesses begin to default on their loans. TransUnion is reporting that around three million auto loans and 15 million credit cards are in some forbearance plans.

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Default Law Firms Credit Scoring Credit and Collections 40