ABA Raises CECL Concerns During Long-Awaited FASB Meeting
FASB board members said they would address several of ABA’s concerns as the final standard is issued and implementations proceeds...
Tax and Accounting
ABA Resources for FASB CECL Roundtable Now Available
In advance of the community bank roundtable meeting that the Financial Accounting Standards Board is hosting on Thursday to address...
Fed Releases 2016 Stress Test Scenarios, CCAR Instructions
The Federal Reserve today released the three economic and financial market scenarios that it will use in the next round...
CECL: Simply Complex in the Real World
Here it comes! ABA's Mike Gullette on FASB's long-expected final Current Expected Credit Loss standard for impairment of loans and...
Nichols: More Clarity Needed on CECL Standard
In a letter to the Financial Accounting Standards Board today, ABA President and CEO Rob Nichols called for more clarity...
IRS Accepts ABA Request for Resolution on Modified Loan Interest
The IRS has accepted a request by ABA to consider whether and how to report -- on IRS Form 1098,...
FASB Announces CECL Roundtable
In response to ongoing feedback from bankers and ABA staff related to FASB’s Current Expected Credit Loss impairment accounting standard,...
Basel Issues Regulatory Expectations on Credit Loss Accounting
The Basel Committee on Banking Supervision today issued its guidance on credit risk and expected credit loss accounting, which is...
Community Bank Impairment Cost Study Published
With FASB's recent announcement of a 2019 effective date for their CECL impairment accounting standard, Fintellix Solutions and Ardmore Banking...
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