Accounting

FASB delayed implementation for the majority of banks and credit unions until 2023, but many in the industry still oppose the rule, despite regulators' attempts to ease the path forward.

The accounting board delayed implementation for the majority of banks and credit unions until 2023.

The National Credit Union Administration should help soften the effects of the new standard on regulatory capital through rulemaking.

More community bankers now say that cost of funds, not regulatory expense, poses the biggest threat to profits, according to a new survey.

Readers react to plans by Democratic presidential candidates to reform college tuition, credit unions buying more banks, whether the next president could fire the CFPB head and more.

A proposal to define wages-on-demand would protect consumers and serve as an example for others.

The association filed a comment letter urging FASB to delay CECL implementation for all banks, while asking a key accounting group to support its effort.

Congress is in session, but actions at NCUA, FASB and more will dominate the upcoming week in Washington for credit unions.

From marijuana to member business lending, a look at policymakers and others' perspectives on key issues affecting the industry.

A proposal to define wages-on-demand would protect consumers and serve as an example for others.

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

When lawmakers return from their August recess, a host of unresolved financial policy issues — from marijuana banking to anti-money-laundering rule — will greet them.

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 CEO's tenure lasted just 18 months; the former FDIC chair says having Congress more involved in setting accounting standards "could well backfire on the banks."

JPMorgan Chase ends business loan partnership with OnDeck; Truist out to prove it can best the megabanks in tech; Capital One's data breach was bad, but it could've been worse; and more from this week's most-read stories.

Readers react to Capital One's massive data breach and The Bancorp's expansion in CRE securitizations, defend fintechs offering retirement plans and more.

Among other things, the letter asked the regulators to ease requirements for a new community bank leverage ratio and analyze the impact of the pending CECL accounting change.

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

Regulators should proceed with removing one of the margin requirements for trading swaps.