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Hal Schroeder of FASB claims that investors have no confidence in the current loss standard. Several investors at a prominent accounting conference disagree.
September 10 -
Readers react to states investigating payroll advance companies and the GOP's weak response to cannabis banking, heed a warning that nonbanks are prepared for CECL and more.
August 15 -
The accounting standard is coming regardless of a delay. It will bring some nonbank lenders to the forefront of banking competition.
August 15Moody’s Analytics -
The new accounting standard meant for publicly traded firms creates greater headaches for privately held community banks.
July 29Bank of St. Elizabeth -
FASB may have voted to delay its controversial new credit loss standard, but credit unions who use that delay as an excuse to further procrastinate are setting themselves up for failure.
July 23Experian -
After FASB's decision to give most credit unions and banks extra time to prepare, lobbying groups are pushing for more.
July 18 -
After FASB's decision to give most banks extra time to prepare, lobbying groups are pushing for more.
July 17 -
The decision gives the vast majority of banks and credit unions another year to implement the controversial accounting method for loan losses.
July 17 -
Credit unions could have an answer about when a new credit loss standard will take effect, while the National Credit Union Administration will hold its monthly board meeting this week.
July 15 -
Questioning whether core-banking technology is nearing a 'big shake-up'; Capital One keeps closing branches, even as rivals open them; FASB chair defends CECL, saying 'the benefits justify the cost'; and more from this week's most-read stories.
July 5