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-ABA-Reps. Meeks, Luetkemeyer Join Chorus for CECL Suspension, Delay

Mar 24, 2020 - ENP Newswire

In a bipartisan letter, Reps. Gregory Meeks (D-N.Y.) and Blaine Luetkemeyer (R-Mo.) today joined the chorus of voices-including FDIC Chairman Jelena McWilliams-calling for the Financial Accounting Standards Board to suspend and delay its Current Expected Credit Loss standard amid the coronavirus pandemic.

'There is simply too much uncertainty at this time to implement a foundational change to our financial accounting system,' wrote Meeks and Luetkemeyer, who are chairman and ranking...