News Topic: Loan-loss provisions

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. ... Read full article

The banking industry will continue its fight against the credit-loss rule; the bank posted gains in consumer, wealth management and commercial lending. ... Read full article

The accounting board delayed implementation for the majority of banks and credit unions until 2023. ... Read full article

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. ... Read full article

The Pittsburgh company more than doubled its provision for loan losses during the first quarter to keep pace with growth in its loan portfolio. ... Read full article

The Tennessee company has set up a $3.5 million reserve associated with the unnamed borrower. ... Read full article

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. ... Read full article

Executives from Ally Financial and Santander Consumer USA gave rosy outlooks this week about 2019 consumer trends, while other banks that rely less heavily on car lending offered more cautious appraisals. ... Read full article

The Florida bank sold $344 million of taxi-medallion and other loans in the fourth quarter, saying it was positioning itself for the future. ... Read full article

Loans grew 6% at JPMorgan Chase, but the bank is "not going to be stupid" and assume that will last forever, its CEO says. Here are some precautionary steps it's taking. ... Read full article

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. ... Read full article

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

The plan identified five risk areas — including cybersecurity — that will be on the agenda for agency examiners next year. ... Read full article

As the company boosts originations to subprime and other borrowers, it remains to be seen if the improvements in asset quality will continue. A similar question mark is hanging over many consumer lenders these days. ... Read full article

Now’s the time for banks to consider how the country’s trade war could hit their bottom lines. ... Read full article

The Los Angeles company's second-quarter profit also benefited from last fall's purchase of CU Bancorp. ... Read full article

Fannie Mae and Freddie Mac may need to tap into U.S. Treasury funds when they adopt CECL, a new accounting rule that makes companies set aside money upfront for expected loan losses. ... Read full article

The Dallas company expects to report a higher loan-loss provision after the loans, which include two shared-national credits, deteriorated in the second quarter. ... Read full article