Sun.Jun 19, 2022

article thumbnail

The Fed’s ELE Tool for CECL: What It Is and Isn’t

Abrigo

New Fed Tool: ELE for 2023 CECL implementation The Federal Reserve's new Expected Loss Estimator, or ELE, tool for CECL is a spreadsheet-based option for smaller financial institutions to implement the current expected credit loss standard. You might also like these webinars especially for 2023 CECL adopters: "CECL Streamlined." WATCH. Takeaway 1 The ELE tool for CECL from the Fed is aimed at reducing the operational burden of implementation ahead of the 2023 deadline. .

Tools 195
article thumbnail

The broad implications of Pat Toomey’s standoff with K.C. Fed’s president

American Banker

article thumbnail

Fintech Rewire acquires prepaid card provider Imagen

The Paypers

Israel-based fintech Rewire has acquired Imagen to provide prepaid debit cards for migrants in Israel.

Cards 90