Browsing: Policy

Newsbytes Senate Democrats resurrect reconciliation package

After months of negotiating, Sens. Chuck Schumer (D-N.Y.) and Joe Manchin (D-W.Va.) announced an agreement on proposed legislation to address selected portions of the Biden administration’s agenda for climate, health, deficit reduction and tax. 

Newsbytes FDIC proposes changes to large, complex IDI assessments to address TDR elimination

In response to the Financial Accounting Standards Board’s recent elimination of accounting guidance for troubled debt restructurings for adopters of the current expected credit loss standard, the FDIC is proposing to update the scorecard it uses to calculate assessments for large and highly complex insured depository institutions to reflect the changes.

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