Potential Truist delay, Katie Porter, tech giant trust issues: Top stories of the week


BB&T-SunTrust merger closing could slip into 2020; how “the most feared freshman” is shaking up House Banking panel; consumers are split about trusting Amazon, Google with their savings; and more from this week’s most-read stories.


Regulators offer CECL guidance to aid industry's adoption


The four prudential agencies, which will enforce the new credit loss methodology developed by the Financial Accounting Standards Board, said they want to promote consistency.


FASB unanimously approves CECL delay for most lenders


The accounting board delayed implementation for the majority of banks and credit unions until 2023.


Funding costs top small banks’ list of concerns


More community bankers now say that cost of funds, not regulatory expense, poses the biggest threat to profits, according to a new survey.


'These foolish ideas': Comments of the week


Readers react to plans by Democratic presidential candidates to reform college tuition, credit unions buying more banks, whether the next president could fire the CFPB head and more.


ABA steps up efforts to delay controversial accounting standard


The association filed a comment letter urging FASB to delay CECL implementation for all banks, while asking a key accounting group to support its effort.


Investors want new accounting standards, FASB says. Investors disagree.


Hal Schroeder of FASB claims that investors have no confidence in the current loss standard. Several investors at a prominent accounting conference disagree.


6 banking issues to watch when Congress reconvenes


When lawmakers return from their August recess, there are a host of unresolved financial policy issues — from marijuana banking to anti-money-laundering rule — to greet them.


'A wolf in sheep's clothing': Comments of the week


Readers react to states investigating payroll advance companies and the GOP's weak response to cannabis banking, heed a warning that nonbanks are prepared for CECL and more.


Nonbank players are ready for CECL — are banks?


The accounting standard is coming regardless of a delay. It will bring some nonbank lenders to the forefront of banking competition.