CECL is in trouble, but there’s a fix


Problems with the new accounting standard could be solved by modifying how reserves are calculated so that changes are more in line with industry growth.


Accounting standards shouldn’t be left to the accountants


The SEC and FASB control the process now, but Congress should give banking regulators a more central role in overseeing the creation of accounting rules.


Will industry get what it wants on CECL?


Detractors are suddenly hopeful that the controversial accounting standard could be delayed or altered after FSOC's longer-than-expected closed session on the issue.


Calabria's GSE effect, 2019 fintech, Kraninger's CFPB: Top stories of the week


What an FHFA led by Mark Calabria would mean for GSE reform; 7 (realistic) predictions about fintech in 2019; Kathy Kraninger signals new tone atop CFPB; and more from this week's most-read stories.


Piling on: Democratic lawmakers join chorus of CECL critics


Brad Sherman of California and Gregory Meeks of New York are worried the proposed accounting standard for recording loan losses will reduce access to credit for small businesses and low- and moderate-income communities.


What the first change to lease accounting in decades means for banks


The Financial Accounting Standards Board is requiring all companies to record leases for property and equipment on their balance sheets. Here’s how that revision could affect banks’ loan decisions — and their own capital ratios.


As CECL anxiety mounts, FASB is in no rush to consider alternative


Bank groups are pushing a variety of proposals to delay the loan-loss rule or soften its impact. The accounting standards board has agreed to review at least one of them — but at a pace that might not be fast enough for lenders.


Proposed eleventh-hour change to CECL has bankers scrambling


The Financial Accounting Standards Board is considering a plan to have banks break out charge-offs and recoveries on a year-by-year basis. Bankers fear new systems would be needed to comply.


Industry group urges delay in new accounting standard for loan losses


The Bank Policy Institute said the Current Expected Credit Loss model is a “sea change” from how banks have traditionally set aside reserves.


Banks lobby to change accounting rule; digital trade platform coming


Banks ask Congress for help with a rule that forces them to estimate loan losses; The network will allow banks to "exchange and verify trade information."