FASB

Bankers urge extension of CARES Act reg relief

09/18/20

Measures designed to give banks and credit unions more flexibility to help customers weather the coronavirus pandemic are set to expire Dec. 31 unless Congress renews them.

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How Congress can prevent a post-pandemic financial crisis

09/04/20

Two bills — one providing relief from a loan accounting standard and another extending forebearance measures — would collectively contain credit losses.

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Former FASB chair defends his legacy as more than CECL

07/07/20

Russell Golden, who just stepped down from the Financial Accounting Standards Board, says he wants to be remembered for encouraging open discourse over new rules and efforts to simplify financial accounting.

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Strip FASB of its powers

06/12/20

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.

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Congress was right to freeze CECL

04/24/20

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

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Bankers hope reg relief doesn’t end when coronavirus does

04/07/20

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.

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CECL down, but not out

03/27/20

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

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Time for Congress to put an end to CECL

03/25/20

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.

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Banks get break they needed on loan workouts

03/23/20

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.

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Will more regulators call for delay of CECL?

03/20/20

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.

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