CECL Credit Application Transactions 
Abrigo
MAY 30, 2023
Takeaway 2 Reporting tiers and their deadlines are based on the number of covered transactions to small businesses that a lender originated in 2022 and 2023. Despite the seemingly long runway to prepare, it's not too early to get a handle on the new requirements and how they will affect a bank or credit union.
Abrigo
SEPTEMBER 14, 2022
You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." Takeaway 1 The CFPB's proposed rule would require any lender with 25 or more covered transactions to collect more data for each application. CECL Regulation. Lending & Credit Risk. Portfolio Risk & CECL.
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