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COVID-19: When a bank loan restructure may not be a troubled debt restructuring

Sarah Wade Garrett Fischer March 30, 2020
Illustration of business tools

The Federal banking and credit union regulators and the Conference of State Bank Supervisors have published a statement discussing the appropriate accounting and reporting for COVID-19 related loan restructurings. It encourages banks to work with their customers to resolve pandemic-related issues, characterizing such workouts as “positive actions.” READ MORE