House lawmakers introduce CECL 'stop and study' bill


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


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


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.


Republican Senate bill would delay CECL until further study


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


Is it too late for Congress to stop CECL?


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.


Accountants cite banker burnout in calling for delay of new standard


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.


Slamming FASB misses the point


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.


FASB’s accountability problem


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.


Accounting board rejects bid to ease CECL; rate drop sparks mini refi boom


Publicly traded banks will have to book expected losses on loans starting next year; the jump in mortgage refinancings could be a mixed bag for banks.


House lawmaker warns of CECL's impact on Fannie, Freddie


Rep. Blaine Luetkemeyer, R-Mo., told the mortgage giants' chief federal regulator that the Financial Accounting Standards Board’s new model for estimating loan losses could pose risk across the mortgage market.


Community banks still aren’t ready for CECL


Despite recent chatter about a delay, there’s reason to believe the Current Expected Credit Losses accounting standard will go into effect next year. Regulators should do more to help smaller institutions prepare.