Apr 19, 2021 | Claims and Disputes, Financial Services, Podcasts
Joe Sergienko joins Michael Whalen to talk about the enormous impact the COVID-19 pandemic has had on normal economic activity, as well as contributing factors. Mr. Sergienko provides insights on what credit risk professionals are seeing and are likely to see as the...
Apr 14, 2021 | Financial Services, Regulatory Compliance
For credit reporting–related companies, “enforcement is back.” The key question is what to expect and how to prepare adequately for anticipated increases in supervision and enforcement that were relatively benign under the prior administration. How should furnishers...
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...
