CECL Credit Scoring Default 
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. This has the impact of moving credit scores higher at a time when payments are not being made. Contact us for more help.
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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