Accounting regulations

'The OCC needs to get its house in order': Comments of the week

06/20/19

Readers weigh in on big tech companies walking away from OCC's fintech charter, House committee wanting Facebook to halt Libra, calls to stop Congress from delaying CECL, and more.

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Dear Congress: Leave accounting standards to FASB

06/18/19

Lawmakers recently introduced legislation to delay implementation of a new accounting standard for current expected loan losses. But policymakers should seek to preserve the accounting body’s independence.

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House lawmakers introduce CECL 'stop and study' bill

06/11/19

The bipartisan House effort to delay the Current Expected Credit Loss standard comes less than a month after Republican senators introduced a similar bill.

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Republican Senate bill would delay CECL until further study

05/22/19

The effort to delay CECL comes a week after a House panel mounted a bipartisan attack on the new FASB standard.

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Accountants cite banker burnout in calling for delay of new standard

05/16/19

The American Institute of Certified Public Accountants says banks are fighting accounting fatigue — thank CECL for that — and wants the FASB to push back a deadline for privately held firms to put operating leases on their balance sheets.

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Slamming FASB misses the point

05/16/19

Banking officials can reasonably disagree on new standards for current expected credit losses, but the accounting body developed the rules over many years and based them on extensive feedback.

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CECL spells trouble for small banks, consumers

03/11/19

The new accounting standard won’t make community institutions safer, though implementation is proving burdensome and could restrict access to credit, argues Rep. Blaine Luetkemeyer.

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Regionals' proposed CECL fix gets thumbs-down

01/28/19

Bigger banks complained that a two-tier system would force them to rethink their models, while smaller banks raised concerns about adding more complexity to an already burdensome process.

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CECL is in trouble, but there’s a fix

01/11/19

Problems with the new accounting standard could be solved by modifying how reserves are calculated so that changes are more in line with industry growth.

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First BanCorp adds regulatory experience with director appointment

09/04/18

The Puerto Rican company added Daniel Frye, a former FDIC adviser, to its board.

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