CECL

The FDIC chairman, citing concerns about the coronavirus outbreak, is the first regulatory chief to call for suspending the accounting standard for expected loan losses.

The Consumer Financial Protection Bureau will have a busy week starting with Director Kathy Kraninger testifying before lawmakers on Tuesday.

Rep. Blaine Luetkemeyer, R-Mo., said Congress has "got to be pushing back" against the Current Expected Credit Losses standard, while Rep. Steve Stivers, R-Ohio, indicated that not all Republicans view the cannabis banking issue the same way.

At a credit union conference, Rep. Blaine Luetkemeyer, R-Mo., said Congress has "got to be pushing back" against the Current Expected Credit Losses standard, while Rep. Steve Stivers, R-Ohio, indicated that not all Republicans view the cannabis banking issue the same way.

The credit union regulator's portfolio sale dashed the hopes of a group of New York taxi drivers looking for relief.

Congress should further expand a tiered regulatory system to help community banks better serve local neighborhoods.

Bank will have more business lines, all reporting to the CEO; a research paper says the accounting rule could result in eased capital rules.

M&T hires Aarthi Murali away from JPMorgan Chase as its customer experience chief; when a small town loses its only bank; why more banks are ditching their legacy core vendors; and more from this week’s most-read stories.

The new accounting standard meant to prevent another financial crisis could actually trigger one.

The company, which just hired CEO Jay Sidhu's son to groom as its next chief, had been holding itself back to avoid caps on interchange fees.