CECL

Banks poised to get new tools after House passes coronavirus relief

03/27/20

The $2 trillion stimulus package, which the Senate passed days earlier, aims to expand Federal Reserve liquidity resources and provide financial institutions with some regulatory relief.

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CECL impact delayed two years

03/27/20

Regulators are allowing banks that implemented the loan-loss standard to forestall any capital hits until 2022.

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Time for Congress to put an end to CECL

03/25/20

Policymakers should abolish the new accounting standard because it could distract banks at exactly the moment they need to be focused on pulling their communities from the brink of recession.

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Coronavirus stimulus package: What do banks need to know?

03/25/20

Details of the $2 trillion deal were still fluid Wednesday, but lawmakers were closing in on a plan that would aim to put banks and consumers alike on stronger financial footing as they weather the coronavirus pandemic.

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Calls for CECL delay expose standard's flaws

03/24/20

If the new accounting standard poses too many risks during an economic crisis, then it's probably not a good idea at all.

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Cheat sheet: What's at stake for banks, customers in stimulus battle

03/23/20

Congressional proposals could expand Federal Reserve liquidity support, delay a new credit loss accounting standard, provide certain accounts with unlimited deposit insurance and more to help businesses and consumers reeling from the coronavirus outbreak.

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Will more regulators call for delay of CECL?

03/20/20

The FDIC's call for FASB to postpone the loan-loss accounting standard's effective date could put pressure on other agencies to follow suit.

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Banks wrestle with coronavirus challenges; Swedbank’s AML fine

03/20/20

Some banks have closed branches or restricted access and bank tech resources are being overwhelmed; bank pays a record SKr4 billion ($400 million) for issues.

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McWilliams urges FASB to halt CECL implementation

03/19/20

The FDIC chairman, citing concerns about the coronavirus outbreak, is the first regulatory chief to call for suspending the accounting standard for expected loan losses.

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House lawmakers give update on CECL, pot banking

02/26/20

At a credit union conference, Rep. Blaine Luetkemeyer, R-Mo., said Congress has "got to be pushing back" against the Current Expected Credit Losses standard, while Rep. Steve Stivers, R-Ohio, indicated that not all Republicans view the cannabis banking issue the same way.

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