President Eisenhower once said, "Neither a wise man nor a brave man lies down on the tracks of history to wait for the train of the future to run over him." January 1, 2022 will be here before we know it. Banks see "data requirements" and immediately think a software solution will solve everything. That [...]
It's been a big week in Washington with the State of the Union. But what about the State of Banking? One of the big issues in banking gets swept under the rug. That issue - Current Expected Credit Losses (CECL) - is a complete shift in how banks look at impaired loans. Under CECL, community [...]
As the government shutdown has gone on throughout January, it shines a light on a key fact. It's hard to make decisions without a good data set. As our first article of the week points out, the shutdown has meant that the Fed hasn't been able to get a full dashboard of data. Without clear [...]
