The Simplified CECL Tool for credit unions – CECL being “current expected credit losses” – has been updated for December 2022 as the effective date for CECL nears for most credit unions. The National Credit […]
“Perfection” in adopting current expected credit loss (CECL) requirements at the start of the new year is not expected, the regulator of national banks said Monday, adding that small institutions don’t need big models or […]
A spreadsheet tool to help smaller banks deal with a new accounting standard on current expected credit losses (CECL) by using the banks’ loan-level data and management assumptions will be released next week by the […]
The current expected credit losses (CECL) accounting standard has been updated with expanded disclosures and improved accounting, particularly for troubled debt restructurings (TDRs) for those that have adopted the standard and gross writeoffs of vintage […]
Implementation of the current-expected-credit-loss (CECL) accounting standard kicks in next January for credit unions, and their federal regulator on Thursday noted plans to help them complete the first hurdle. During a briefing during Thursday’s open […]
A final rule permitting federally insured credit unions (FICUs) to phase in over three years the day-one adverse effects on net worth of the current-expected-credit-loss (CECL) accounting methodology is set to take effect Aug. 2, […]
A new tool aimed at helping smaller banks calculate their allowances under the new current expected credit loss (CECL) accounting standard was unveiled by the Federal Reserve Thursday. The Fed said the spreadsheet-based tool – dubbed […]
Federally insured credit unions (FICUs) will be able to phase in over a three-year period the day-one adverse impacts on net worth of the current-expected-credit-loss (CECL) accounting standard under a final rule approved Thursday by […]
Final rules on the current expected credit loss methodology and capitalization of interest, and action on the federal credit union (FCU) loan interest rate ceiling, are on the agenda for the June 24 open meeting […]
New rules for credit unions governing their purchases of banks and mitigating the impact of the current expected credit loss (CECL) accounting standard are slated for action as soon as this month by the federal […]
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