The registration period is from Apr 15, 2021 12:00 to Dec 8, 2021 12:00
Collection Series: Troubled Debt Restructuring In The COVID Economy - Details
Registration for this event is open from: Apr 15, 2021 12:00 to Dec 8, 2021 12:00

Where: Webinar, Recorded, Both Live/Recorded

Date: Jun 8, 2021

 
Add to calendar /education-events/event/1423/Collection-Series--Troubled-Debt-Restructuring-in-the-COVID-Economy?Itemid114= 2021-06-08 14:00:00 2021-06-08 15:30:00 0 Collection Series: Troubled Debt Restructuring in the COVID Economy Collection Series:  Troubled Debt Restructuring in the COVID Economy ... - US - YYYY/MM/DD

Event description:

Collection Series:  Troubled Debt Restructuring in the COVID Economy

(90-minute webinar – recording also available)

Tuesday, June 8, 2021

12:00 PM Pacific       1:00 PM Mountain

2:00 PM Central       3:00 PM Eastern

Increased TDRs go hand-in-hand with the COVID economy.  But what qualifies as a TDR right now?  The CARES Act was passed to allow for short-term relief, but what happens when that expires?  Join us to learn about compliant collections and reporting under COVID-related restraints. 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Understand what qualifies as a TDR
  • Determine the differences between interagency guidance and the CARES Act
  • Know how to account for 2021 modifications
  • Discuss current regulatory guidance

WEBINAR DETAILS

One of the biggest concerns for financial institutions is the ever-evolving nature of loan modifications resulting from COVID-19.  Early on in the pandemic, a primary concern for financial institutions was the potential for a high volume of loan modifications resulting in troubled debt restructurings (TDRs).  As evidenced in the interagency guidance prior to passage of the CARES Act, short-term modifications (i.e., six months or less) would not be recognized as TDRs.  Section 4013 of the CARES Act allowed for a temporary suspension of GAAP for TDRs.  The Agencies have encouraged financial institutions to work prudently with borrowers and provide loan modifications to mitigate the pandemic’s adverse effects.  

This session will focus on loan modifications under both interagency guidance and the CARES Act, troubled debt restructurings, how to account for modifications in 2021, and current regulatory guidance. Join us to learn how this impacts your institution.

WHO SHOULD ATTEND?

This informative session is designed for accounting professionals and credit department decisionmakers, including CFOs, controllers, and CCOs.  CEOs, CLOs, COOs, lenders, Audit Committee members, etc. will benefit from the regulatory guidance. 

TAKE-AWAY TOOLKIT

  • TDR questionnaire
  • Employee training log
  • Interactive quiz 

DON’T MISS THIS RELATED WEBINAR!

Commercial Loan: Workouts, Restructuring & Loss Mitigation

on Tuesday, April 20, 2021

MEET THE PRESENTERS

Nicholas Meyer     Nicholas Meyer, CPA, CLA

Nicholas Meyer is a CPA in CliftonLarsonAllen’s (CLA’s) Minneapolis office.  With CLA since September 2014, Nick has served financial institution clients in all audit areas, prepared financial statements, tested internal controls, and performed internal audit procedures.  He has also worked with both privately held and public institutions.  In addition to financial institutions, Nick has performed audits and other procedures on receivable factoring companies and trust companies.

Travis Whiting    Travis Whiting, CPA, CLA

Travis Whiting is in the financial institutions group in CliftonLarsonAllen’s (CLA’s) Minneapolis office.  Since joining CLA in 2015, Travis has devoted 100% of his time to financial institutions, specifically community banks, ranging in asset size from $50 million to $3 billion.  He focuses on financial statement audits, internal audits, loan file review, and other consulting services.  He holds a bachelor’s in accounting from Saint John’s University in Collegeville, MN.

THREE REGISTRATION OPTIONS – WHAT YOU GET

1. Live Webinar Includes

  • Unlimited connections within your institution to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up 

2. Recorded Webinar Includes

  • Recording of the Live Webinar
  • Available two business days following Live date
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your institution
  • Presenter’s contact info for follow-up

3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here.

Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE

 

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Our Certified Frontline Professional program gives your customer-facing employees the long-term training they need to excel and grow your business.

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Bank regulations are ever-changing. Get the up-to-date information you need to guide and structure your in-bank compliance program. Our system gives you 24/7 access to some of the best compliance experts in the industry.

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We’re giving today’s brightest young independent bankers the skills, educational resources, and networking opportunities they need to be tomorrow’s leaders.

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