CECL

House lawmakers introduce CECL 'stop and study' bill

06/11/19

The bipartisan House effort to delay the Current Expected Credit Loss standard comes less than a month after Republican senators introduced a similar bill.

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BB&T-SunTrust priorities, OCC's shock tactic, CECL remorse: Top stories of the week

05/24/19

Jury's out on whether BB&T-SunTrust will serve the community or Wall Street; 'we were willing to shock historical norms,' says Otting on OCC's makeover; is it too late for Congress to stop CECL?; and more from this week's most-read stories.

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'One less Cordray disciple in the Swamp': Comments of the week

05/23/19

Readers weigh in on the role of the Financial Accounting Standards Board, consider personnel changes at the Consumer Financial Protection Bureau, debate the viability of public banks and more.

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Republican Senate bill would delay CECL until further study

05/22/19

The effort to delay CECL comes a week after a House panel mounted a bipartisan attack on the new FASB standard.

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Is it too late for Congress to stop CECL?

05/20/19

Both Democrats and Republicans devoted considerable time at a House Financial Services Committee hearing last week to lamenting how the accounting standard will hurt small lenders.

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'Absolutely devastating’ to small lenders: Lawmakers lay into CECL

05/16/19

Democrats and Republicans on the House Financial Services Committee called for steps to minimize the harm to community banks and credit unions bracing for the new accounting standard.

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Accountants cite banker burnout in calling for delay of new standard

05/16/19

The American Institute of Certified Public Accountants says banks are fighting accounting fatigue — thank CECL for that — and wants the FASB to push back a deadline for privately held firms to put operating leases on their balance sheets.

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Slamming FASB misses the point

05/16/19

Banking officials can reasonably disagree on new standards for current expected credit losses, but the accounting body developed the rules over many years and based them on extensive feedback.

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FASB’s accountability problem

04/26/19

The standards board has been granted vast authority without having to answer to policymakers, and its latest accounting method, CECL, will be a disaster for small banks.

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The specter of CECL looms over banks’ 1Q calls

04/09/19

With an implementation deadline less than a year away, bankers will be pressed to detail how a new accounting rule for loan losses will affect reserves, earnings and capital.

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