What the New Changes to TDRs Mean for Your CU
In the first video of this 4-part series, Mike Umscheid (CEO of ARCSys) does a quick dive into the changes with TDRs. TDRs have been modified and are now called “Modifications of Receivables to Debtors Experiencing Financial Difficulty”. In this video, Mike explains this new classification and how it differs from the former. For more, watch parts two, three, and four of the ARCSys video series or visit www.nafcu.org/arcsys.