FASB extends CECL deadline for most lenders


The decision gives the vast majority of banks and credit unions another year to implement the controversial accounting method for loan losses.


'What a bunch of Luddites!': Comments of the week


Readers react to Congress vetting Facebook's Libra, heavily debate whether to delay CECL, opine attempts to roll back overdraft laws and more.


Agencies are close to finishing Volcker Rule changes: FDIC's McWilliams


The head of the Federal Deposit Insurance Corp. previously had said regulators were weighing numerous options for addressing criticism of their 2018 proposal.


House lawmaker warns of CECL's impact on Fannie, Freddie


Rep. Blaine Luetkemeyer, R-Mo., told the mortgage giants' chief federal regulator that the Financial Accounting Standards Board’s new model for estimating loan losses could pose risk across the mortgage market.


Accounting gaffe surfaces at First Bancorp in Puerto Rico


The San Juan company disclosed an error in the way it calculated the provision for losses in its commercial loan book.


Weakness in internal controls surfaces at Valley National


The New Jersey bank did not say exactly what the problem was, but it is beefing up how allegations of financial-reporting violations are reported to upper management.


Hope Bancorp puts material weakness in its rearview mirror


The issue had forced the Los Angeles company to scuttle its deal to acquire U&I Financial in Washington state.


Wells Fargo hits two milestones on road to fix corporate governance


Wells Fargo, which has been told by the Fed that it needs to improve its governance and controls, on Thursday received an important thumbs-up from its outside auditor and also named the four senior directors who will retire next month.


Comerica promotes Muneera Carr to CFO


Comerica's chief accounting officer since 2010, Carr will replace David Duprey, who is retiring early next year.


Why this once-skeptical banker is now sold on new loan-loss rule


Timothy Zimmerman, who once called CECL a dangerous proposal, now sees a justification for the FASB standard. And he is urging bankers to start working on plans to comply with the change.