NCUA Panel Discussion on Troubled Debt Restructurings
On Thursday, September 20th, the NCUA recently hosted a webinar on Troubled Debt Restructurings. You can register for and view the webinar here. If you were awake through one of our previous TDR presentations, what the NCUA discussed will mostly be a review. If you weren’t able to make one of our presentations (or if you slept through it) most of what the NCUA presentation discusses is detailed in this summary of the original proposal and this follow up clarifying the details of the final TDR standards.
The primary reason for the webinar was to discuss the new supervisory letter the NCUA intends to send out to examiners setting out a uniform approach to examinations of your loans workout programs. This is great because it will *hopefully* eliminate some of the inconsistencies that may have existed in examination procedures from region to region (or examiner to examiner). A few key points: