Mar 25, 2021 | Claims and Disputes, Financial Services, Regulatory Compliance
The end of the COVID-19 pandemic is nearing, and so are the forbearance and credit reporting accommodations from the CARES Act legislation enacted in March 2020. David Uejio, acting director of the Consumer Financial Protection Bureau (CFPB), recently stated that the...
Feb 11, 2021 | Claims and Disputes, COVID-19 Recovery Funds, Financial Services, Regulatory Compliance
As the COVID-19 pandemic continues, we are seeing positive signs, with vaccines being administered to some of the world’s most vulnerable communities and promises for broader rollout over the next several months. However, the full economic and financial impacts have...
Dec 12, 2020 | Claims and Disputes, Corporate Finance and Restructuring, Financial Services
COVID-19’s adverse impact on loan performance and current CARES Act financial reporting and disclosure relief arrived simultaneous to the implementation of the controversial Current Expected Credit Losses (CECL) accounting standard for loan-loss reserving. Analysis...
Dec 11, 2020 | Claims and Disputes, Corporate Finance and Restructuring, Financial Services
With a bruising 2020 entering its final weeks, a sense of cautious optimism seems to be taking hold in the banking sector. Early indications in banks’ third-quarter filings and recent conversations with banking leaders indicate that many see the economic rebound in...
Jun 29, 2020 | Claims and Disputes, Financial Services
As economies begin to reopen, it is difficult to quantify the full impact of the coronavirus pandemic and the economic shutdown on the credit portfolios of banks. It is unlikely we will be able to fully quantify the impact for some time; we will wait to see which...
