The Independent Community Bankers of America is getting one more chance to explain why it believes a plan to change the accounting for loan losses will result in major hardship for smaller banks.

The Financial Accounting Standards Board has agreed to meet on Feb. 4 with a delegation of community bank leaders, as well as auditors and regulators. FASB spokeswoman Christine Klimek said plans for a meeting have been in the works since December, adding that other details are still being finalized. The ICBA is in the process of selecting bank executives to attend the meeting.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.