Accounting standards

CECL spells trouble for small banks, consumers


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.


CECL is in trouble, but there’s a fix


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.


What the first change to lease accounting in decades means for banks


The Financial Accounting Standards Board is requiring all companies to record leases for property and equipment on their balance sheets. Here’s how that revision could affect banks’ loan decisions — and their own capital ratios.


Proposed eleventh-hour change to CECL has bankers scrambling


The Financial Accounting Standards Board is considering a plan to have banks break out charge-offs and recoveries on a year-by-year basis. Bankers fear new systems would be needed to comply.


Industry group urges delay in new accounting standard for loan losses


The Bank Policy Institute said the Current Expected Credit Loss model is a “sea change” from how banks have traditionally set aside reserves.


An extra $1.6M in profits this bank wishes it hadn't found


Malvern Bancorp’s restatement of nearly four years of results worked out in its favor, but it had to acknowledge — and explain — the reason: Outside accountants spotted a problem in its financial-reporting controls.


Can Scott Powell bring stability to Santander’s embattled U.S. auto unit?


Powell downplayed fears about subprime auto lending, saying he aims to improve Santander Consumer's compliance culture, beef up customer services and expand its relationship with Chrysler Capital.