Strip FASB of its powers


Lawmakers should go further than their recent criticism of the Financial Accounting Standards Board's loan-loss rule and just hand over its duties to the Securities and Exchange Commission.


Congress was right to freeze CECL


Banks would have drowned if lawmakers hadn't delayed the new accounting standard during the coronavirus pandemic.


Bankers hope reg relief doesn’t end when coronavirus does


Measures that delay the Current Expected Credit Losses standard and reduce a community bank capital ratio are temporary, but the industry now sees an opening to argue that they should be permanent.


CECL down, but not out


Lawmakers and regulators opted to delay compliance for banks that have implemented the credit loss standard, sparing them near-term capital hits.


Time for Congress to put an end to CECL


Policymakers should abolish the new accounting standard because it could distract banks at exactly the moment they need to be focused on pulling their communities from the brink of recession.


Banks get break they needed on loan workouts


Regulators' decision to delay reporting for troubled-debt restructurings should allow banks and credit unions to be more nimble modifying loans impaired by the coronavirus outbreak.


Will more regulators call for delay of CECL?


The FDIC's call for FASB to postpone the loan-loss accounting standard's effective date could put pressure on other agencies to follow suit.


CECL is a real threat to the financial system


The new accounting standard meant to prevent another financial crisis could actually trigger one.


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.