Because this is such a departure from old, the Financial Accounting Standards Board (FASB) detailed five (yes, five) optional methods for implementing CECL:
O & ME
For people who hope to qualify for a consumer loan but lack a banking history or FICO score, Metro considers utility and rent payments instead.
Jeffery Lauria, vice president of technology at iCorps Technologies, offers additional tips regarding the General Data Protection Regulations (GDPR) compliance:
When planning, consider three perspectives: the member, the credit union, and the communities. The best strategies align with all three perspectives in good times or challenging ones.