Community Banking

Treasury Announces Bank Enterprise Award Recipients

The Treasury Department’s Community Development Financial Institutions Fund today announced nearly $25 million in awards to 119 banks through its Bank Enterprise Awards program, which encourages banks to increase their investments and loans in disadvantaged communities.

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ABA to Congress: Delay CECL, Study Before Implementation

The projected effects of the Financial Accounting Standards Board’s Current Expected Credit Loss model for loan loss accounting are significant enough that FASB should delay CECL’s effective date and perform a quantitative impact study of the model, ABA said today.

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