Event Calendar

Wednesday, February 22, 2023

Webinar - TDR Comeback: Qualification Under CECL & End of CARES Act

Start Date: 2/22/2023 1:00 PM MST
End Date: 2/22/2023 2:30 PM MST

United States 

There was a reprieve from troubled debt restructurings (TDRs) during the COVID-19 pandemic due to the Coronavirus Aid, Relief, and Economic Security (CARES) Act and interagency guidance that allowed financial institutions to exclude certain loan modifications from TDR reporting.  However, Section 4013 of the CARES Act ended on January 1, 2022, and the revised interagency guidance only allows for temporary modifications (not more than six months) for borrowers affected by COVID-19.  TDRs will be making a comeback with the end of regulatory relief and another recession looming on the horizon.  In addition, TDR accounting and disclosures will be changing with the adoption of the Current Expected Credit Losses (CECL) methodology. This session will guide you through the process of identifying TDRs, calculating expected reserves, compiling financial disclosures, and implementing best-practice recommendations along the way.  Bring your questions!


Preferred Providers