The Office of the Comptroller of the Currency today released its annual update to the Bank Accounting Advisory Series, a document containing staff responses to frequently asked questions from the banking industry and bank examiners on a variety of accounting issues. The document assumes all banks are using the CECL. Topics covered include loan modifications, credit losses and the elimination of accounting for troubled-debt restructurings by creditors that have adopted updated FASB standards.
FDIC issues regulatory relief guidance for Iowa
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of...