Tag Archives: Loans

Agencies Propose CECL Policy Statement

On October 17, 2019, the Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and National Credit Union Administration released for public comment a proposed interagency policy statement on allowances for credit losses (“ACLs”).  The proposed policy statement reflects the Financial Accounting Standards Board’s adoption … Continue Reading

CFPB Issues Request for Information on Alternative Data and Modeling Techniques

On February 16, 2017, the Consumer Financial Protection Bureau issued a request for information (“RFI”) regarding the potential benefits and risks of relying on alternative data and modeling techniques in the consumer credit marketplace. In contrast with information that has traditionally defined a consumer’s credit history—such as debt repayment history and the existence of current … Continue Reading
LexBlog