CECL's uncharted territory


Beginning next year, banks will have to dramatically change the way they account for future credit losses, but experts disagree on the new rule's long-term impact.


Core-banking crossroads, leaner Capital One, defending CECL: Top stories of the week


Questioning whether core-banking technology is nearing a 'big shake-up'; Capital One keeps closing branches, even as rivals open them; FASB chair defends CECL, saying 'the benefits justify the cost'; and more from this week's most-read stories.


'What a bunch of Luddites!': Comments of the week


Readers react to Congress vetting Facebook's Libra, heavily debate whether to delay CECL, opine attempts to roll back overdraft laws and more.


Dear Congress: Don’t toss CECL out, work with FASB to amend it


With some adjustments, the loan-loss accounting standard can be more secure and workable for banks.


FASB chair defends CECL: ‘The benefits justify the cost'


Russ Golden, the chairman of the Financial Accounting Standards Board, says implementation of its credit loss rule should go forward, but will issue new supporting documents


Stress test results, BNY Mellon's digital play, bank reputations: Top stories of the week


Banks clear both rounds of stress tests (though two of them needed a do-over); BNY Mellon goes all-in on digital; bank industry struggles to stop slide in latest reputation survey; and more from this week's most-read stories.


Another reason for bank CEOs to dislike CECL: Smaller pay raises


The new accounting standard for loan losses combined with an expected rule change around incentive-based compensation could hit bank chiefs in the wallet, according to a new report.


FASB to consider delaying CECL deadlines for smaller firms


Accounting rules group is weighing whether to consolidate and push back deadlines for smaller firms to comply with credit-loss accounting change in light of concerns they will not be ready.


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


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.


Dear Congress: Leave accounting standards to FASB


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.