Lenders Expect Less Chaos as PPP Resumes
With another round of the Paycheck Protection Program starting this week, lenders will have to manage the process for new loans while still getting through last year’s forgiveness applications.
Survey Shows Lenders Making Progress on CECL Transition, But Not Fast Enough
With nine months left to implementation, only 14 percent of SEC registrants are currently running parallel loan loss allowance models under the new current expected credit loss accounting method, while 3 percent of SEC registrants acknowledge they have not yet begun CECL preparations at all.
