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CECL Blog Series – Part #3
This blog post continues our CECL blog series, where we hope to answer your CECL questions one blog at a time.
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Your Institution Received a CDFI Rapid Response Program Grant Award. Now what?
This blog was authored by my colleague, Kira Sexton, a signing director in our financial institutions practice in Indianapolis. In June, the U.S. Department of the Treasury awarded 863 community development financial institutions (CDFIs) with $1.25 billion in grants through the CDFI Rapid Response Program (RRP). These funds were provided to the CDFI Fund from the 2021 […]
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CECL Blog Series – Part #2
This blog post will continue our CECL Blog Series, where we’re hoping to answer you your CECL Questions one blog at a time!
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CECL Blog Series – Part #1
Welcome to the CLA CECL Blog Series, where we’re hoping to answer you your CECL Questions one blog at a time!
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Is your Financial Institution impacted by the BSA/AML Examination Updates?
Karen Leiter, Regulatory Compliance Director at CLA, summarizes the updates to BSA / AML for the first half of 2021. Read on to learn more and how CLA can help your financial institution.
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Engaging and Managing your MSP
Over the years, our financial institution’s practice has seen numerous instances where financial institutions switch Managed Service Providers (MSPs) out of frustration due to MSP underperformance, out of scope costs, and lack of industry expertise. The process to select the right MSP for your financial institution requires confirmation of the MSP’s industry expertise, an understanding of contract features, and greater vendor oversight of the MSP.
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Lease Accounting Standard Update
The COVID-19 pandemic delayed the lease standard for private financial institutions. Learn more about the standard and how CLA can help your organization.
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Roadmap to an Effective Information Security Program
Learn how a well-documented roadmap and policy can help secure your financial institution’s information assets.
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Problem Loan Management – Action Plans
In this three-part series, our goal is to provide considerations for evaluating the overall problem loan management function as we continue to navigate the economic impacts of the COVID-19 pandemic. In this final part our problem loan management series, we turn our focus to action plans.
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Problem Loan Management – Evaluation of Performance and Modifications
In the next part of our problem loan management series, we turn our focus to financial analysis, frequent monitoring, and how to account for special considerations such as loan modifications and extraordinary items on financial statements.