ABA Warns of Unintended Consequences of Proposed CECL Capital Phase-In Delay
In a comment letter to the financial regulatory agencies today, ABA warned of potential unintended consequences that could arise as ...
Tag: Loan loss accounting
Rep. Kustoff Flags Technical Complication with SEC Interpretation of CECL Delay
In a letter to SEC Chairman Jay Clayton this week, Rep. David Kustoff (R-Tenn.) urged the agency to rethink its ...
Agencies Update Guidance on COVID-19 Loan Modifications
The federal banking agencies today updated guidance on working with borrowers affected by the coronavirus pandemic.
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 ...
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 ...
SPONSORED CONTENT
