Pending CECL Delay Should Not Put Off Preparations, Regulators Say
With a pending proposal by the Financial Accounting Standards Board to delay the Current Expected Credit Loss standard’s implementation deadline...
Tax and Accounting
IRS Proposes Regulations with Important Servicing, Card Fee Guidance
The Internal Revenue Service has issued two sets of proposed regulations that address the timing of income inclusion under section...
FASB Proposes Guidance to Ease Libor Transition
As banks work to reduce their dependence on the London Interbank Offered Rate, the Financial Accounting Standards Board yesterday proposed...
FASB Issues Proposal to Delay CECL Implementation for Some Institutions
Following a vote last month, the Financial Accounting Standards Board today formally issued its proposal to delay the implementation of...
ABA’s Gullette: CECL Could Imperil Credit in Economic Downturn
With 75% of bank investors now opposed to the current expected credit loss standard, ABA SVP Mike Gullette highlighted the...
Banker Op-Ed: CECL Is Solution in Search of Problem
The Financial Accounting Standards Board’s current expected credit loss model for loan loss accounting is a solution in search of...
Podcast: Church Lending and Other Ways to Renew Urban Neighborhoods
As urban areas across the country grow and change, community development financial institutions like Metro Bank in Louisville, Ky., are...
FASB to Delay CECL Implementation for Some Institutions
In a significant move, the Financial Accounting Standards Board today voted to propose a delay for the implementation of the...
Executive, Board Transitions Require Careful Liquidity Planning
The sooner and more clearly defined a bank’s succession plan is developed, the easier and smoother the transition will be...
ABA Offers Feedback on Second Round of Proposed ‘Opportunity Zones’ Regulations
The American Bankers Association submitted a comment letter to the Internal Revenue Service this week offering feedback on the second...
