Tag: CECL

Whether institutions are using CECL or incurred loss methodology, estimating credit losses in today’s pandemic-stressed economic environment is challenging to ...

In a comment letter to the financial regulatory agencies today, ABA warned of potential unintended consequences that could arise as ...

The financial regulatory agencies today issued a final interagency policy statement on determining allowances for credit losses under the current ...

In a letter to SEC Chairman Jay Clayton this week, Rep. David Kustoff (R-Tenn.) urged the agency to rethink its ...

In a letter to bank CEOs last night, the federal banking agencies restated that they would not take action against ...

On Friday, the House passed—and President Trump signed into law—the CARES Act, a $2 trillion stimulus package to provide relief ...

The federal banking agencies today announced two actions intended to help banks ensure the continued flow of credit to households ...

The Senate unanimously passed a sweeping $2 trillion stimulus package to provide relief to American consumers and businesses struggling as ...

In a bipartisan letter, Reps. Gregory Meeks (D-N.Y.) and Blaine Luetkemeyer (R-Mo.) today joined the chorus of voices—including FDIC Chairman ...

Amid the growing economic fallout from the coronavirus pandemic and public health response, ABA and several other financial trade groups ...