FASB

Hal Schroeder of FASB claims that investors have no confidence in the current loss standard. Several investors at a prominent accounting conference disagree.

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.

The accounting standard is coming regardless of a delay. It will bring some nonbank lenders to the forefront of banking competition.

The new accounting standard meant for publicly traded firms creates greater headaches for privately held community banks.

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.

After FASB's decision to give most credit unions and banks extra time to prepare, lobbying groups are pushing for more.

After FASB's decision to give most banks extra time to prepare, lobbying groups are pushing for more.

The decision gives the vast majority of banks and credit unions another year to implement the controversial accounting method for loan losses.

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.

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Readers react to Congress vetting Facebook's Libra, heavily debate whether to delay CECL, opine on attempts to roll back overdraft laws and more.

With some adjustments, the loan-loss accounting standard can be more secure and workable for banks.

As many as 20% of institutions haven't started planning for the new standard, according to one study. Many say CUs must start now in order to be ready, even if the rule is postponed.

Russ Golden, the chairman of the Financial Accounting Standards Board, says implementation of its credit loss rule should go forward, but will issue new supporting documents.

The accounting rules group is weighing whether to consolidate and push back deadlines for smaller firms to comply with credit-loss accounting change in light of concerns they will not be ready.

The bipartisan House effort to delay the Current Expected Credit Loss standard comes less than a month after Republican senators introduced a similar bill.

Readers weigh in on the role of the Financial Accounting Standards Board, consider personnel changes at the Consumer Financial Protection Bureau, debate the viability of public banks and more.

The effort to delay CECL comes a week after a House panel mounted a bipartisan attack on the new FASB standard.

Both Democrats and Republicans devoted considerable time at a House Financial Services Committee hearing last week to lamenting how the accounting standard will hurt small lenders.

The American Institute of Certified Public Accountants says banks are fighting accounting fatigue — thank CECL for that — and wants the FASB to push back a deadline for privately held firms to put operating leases on their balance sheets.