CECL

Bankers urge extension of CARES Act reg relief

09/18/20

Measures designed to give banks and credit unions more flexibility to help customers weather the coronavirus pandemic are set to expire Dec. 31 unless Congress renews them.

[more]

How Congress can prevent a post-pandemic financial crisis

09/04/20

Two bills — one providing relief from a loan accounting standard and another extending forebearance measures — would collectively contain credit losses.

[more]

Regulators finalize rule changes to help banks weather pandemic

08/26/20

The agencies completed steps to ease a community bank capital measure temporarily and to delay a new credit-loss accounting standard.

[more]

Former FASB chair defends his legacy as more than CECL

07/07/20

Russell Golden, who just stepped down from the Financial Accounting Standards Board, says he wants to be remembered for encouraging open discourse over new rules and efforts to simplify financial accounting.

[more]

Forbearance during coronavirus a double-edged sword

06/25/20

Borrower relief is necessary in a national emergency, but if the exclusion of the deferred loans from troubled debt restructurings is extended past the end of the year, safety and soundness could be compromised.

[more]

‘Another unprecedented period’: FDIC reports dramatic 1Q profit drop

06/16/20

In one of the first comprehensive analyses of how the banking industry was affected by the onset of the coronavirus pandemic, the agency said quarterly income fell by nearly 70% from a year earlier.

[more]

Strip FASB of its powers

06/12/20

Lawmakers should go further than their recent criticism of the Financial Accounting Standards Board's loan-loss rule and just hand over its duties to the Securities and Exchange Commission.

[more]

PPP fee income will go straight to loan-loss reserves at many banks

04/30/20

The millions of dollars earned from Paycheck Protection Program transactions will help cover rising provision costs tied to the new CECL accounting standard and coronavirus shocks to loan books.

[more]

Congress was right to freeze CECL

04/24/20

Banks would have drowned if lawmakers hadn't delayed the new accounting standard during the coronavirus pandemic.

[more]

Why some small banks are taking their CECL lumps now

04/22/20

Banks had an opportunity to delay compliance with the new accounting standard, but many opted to move forward to get ahead of credit issues that could arise from the coronavirus outbreak.

[more]