Agencies to Incorporate CARES Act Changes into March 31 Call Report
In a letter to bank CEOs last night, the federal banking agencies restated that they would not take action against ...
Tag: CECL
Trump Signs Coronavirus Aid Package Into Law
On Friday, the House passed—and President Trump signed into law—the CARES Act, a $2 trillion stimulus package to provide relief ...
Agencies Approve Early Adoption of SA-CCR, Delay of CECL Capital Phase-In
The federal banking agencies today announced two actions intended to help banks ensure the continued flow of credit to households ...
Senate Clears Massive Coronavirus Stimulus to Support Economic Growth
The Senate unanimously passed a sweeping $2 trillion stimulus package to provide relief to American consumers and businesses struggling as ...
Reps. Meeks, Luetkemeyer Join Chorus for CECL Suspension, Delay
In a bipartisan letter, Reps. Gregory Meeks (D-N.Y.) and Blaine Luetkemeyer (R-Mo.) today joined the chorus of voices—including FDIC Chairman ...
ABA, Financial Groups Ask SEC to Exercise Authority with CECL Delay
Amid the growing economic fallout from the coronavirus pandemic and public health response, ABA and several other financial trade groups ...
McWilliams Calls on FASB to Offer CECL Postponement
In light of the sudden and significant economic changes wrought by the coronavirus pandemic and public health response, FDIC Chairman ...
ABA Supports Bill to Help Community Banks Support Customers Amid Pandemic
The American Bankers Association today expressed support for legislation designed to facilitate community banks’ supporting their customers and ensuring daily ...
Financial Regulators Issue CECL Policy Statement
As banks work to implement the current expected credit loss accounting standard, the financial regulatory agencies have finalized an interagency ...
Former Comptroller: CECL a ‘Real Threat’ to Financial System
In an op-ed in American Banker today, industry veteran and former Comptroller of the Currency Gene Ludwig warned that the ...
