The New York company on Friday promoted Wahida Plummer, who was previously in charge of regulatory matters, to chief risk officer and expanded the role of its chief credit officer.
For many newcomers to the U.S., establishing credit is a big challenge. A handful of entrepreneurs are developing tools to help verify their financial histories.
The new current expected credit loss (CECL) standard under the FASB is expected to be implemented in 2020. Many firms are well underway in organizing teams, conducting gap analysis, and reviewing interdependencies across the organization. Learn more on what your peers are considering in preparation for the new current expected credit loss (CECL) standard.
Not only will banks be on the hook for counterfeit loans to identity thieves, but they will likely lose loan volume, and ultimately revenue, from changes in consumer behavior.
Synchrony Financial and Alliance Data Systems are particularly vulnerable to recent shifts in Americans’ shopping habits, according to new research from Moody’s Investors Service.
