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CECL down, but not out

Mar 27, 2020 - American Banker

Lawmakers and regulators, while willing to delay a new accounting standard for expected credit losses, seemed unwilling to eliminate it completely.

The new stimulus package includes language allowing lenders that had already implemented the Current Expected Credit Losses standard, or CECL, to delay compliance until the end of the national emergency declared by President Trump or until Dec. 31, whichever happens first.

The Federal Reserve, Office of the Comptroller of the Currency and...