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FASB eliminates TDR requirements for CECL adoptees

The Financial Accounting Standards Board Wednesday agreed to a CUNA-supported update to the current expected credit loss (CECL) standard. CECL is an ....

Jim Nussle , Financial Accounting Standards Board Wednesday , Troubled Debt Restructuring ,

CUNA backs TDR changes for FIs that have adopted CECL

CUNA backs TDR changes for FIs that have adopted CECL
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Financial Accounting Standards Board , Troubled Debt Restructuring ,

CURO Group Holdings Corp. Announces Fourth Quarter and Full Year 2020 Financial Results

(1) Excludes discontinued operations; see “Results of Discontinued Operations” for additional details.
(2) These are non-GAAP metrics. For a reconciliation of each non-GAAP metric to the nearest GAAP metric, see the applicable reconciliations contained under “Results of Operations.” For a description of each non-GAAP metric, see “Non-GAAP Financial Measures.”
Fourth quarter 2020 and recent developments include:
Sequential increase (described within this release as the change from the third quarter to the fourth quarter) in Company Owned gross loans receivable and Gross combined loans receivable of $56.3 million, or 11.3%, and $60.6 million, or 11.3%, respectively, compared to $8.2 million, or 1.2%, and $11.8 million, or 1.6%, of sequential growth for the quarter ended December 31, 2019. ....

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Industry Responds to the New COVID Relief and Spending Package — RISMedia

Industry Responds to the New COVID Relief and Spending Package — RISMedia
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Relief Is On the Way: The Second COVID-19 Relief Bill and What You Need to Know | Lathrop GPM

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Just before midnight on December 21, 2020, Congress passed the Consolidated Appropriations Act of 2021 (the “Act”), a nearly 5,500 page stimulus bill allocating roughly $900 billon of much needed relief to United States businesses and individuals while funding the federal government until September 2021.[1] Six days later, President Trump signed the Act into law. The bipartisan Act touches many industries ranging from agriculture to financial services, and provides multiple forms of relief, including increasing funds reserved for PPP loans, providing direct payments to individuals, relaxing certain accounting and taxation requirements, and allocating funds to the hardest hit industries such as small businesses, entertainment venues and nonprofits. ....

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