New disclosures under CECL, the current expected credit loss model, might not be the top concern of financial professionals shifting to the updated accounting standard in 2023. Still, revisions to ...

The American Accounting Association has issued a rare rebuke to Congress criticizing government interference in accounting standards in response to provisions in the CARES Act delaying the credit ...

While many in the credit union industry continue to call for an exemption from the Financial Accounting Standards Board’s current expected credit losses plan, industry groups want the National Credit ...

Banks and other financial institutions have griped about being inundated with new rules and regulations over the past decade. But for the new Current Expected Credit Losses (CECL) accounting ...

Subprime Analytics president Ken Shilson appeared again on the Auto Remarketing Podcast to discuss what he thinks is one of the most important operational challenges buy-here, pay-here dealers are ...

When discussing CECL — implementation of the Current Expected Credit Loss (CECL) accounting standards — Agora Data senior vice president of strategic relationships Jim Bass said bluntly during this ...

NEW YORK--(BUSINESS WIRE)-- Moody’s Analytics today announced that Vista Bank has selected the ImpairmentStudio solution to help it address Allowance for Loan and Lease Losses (ALLL)/Incurred Loss ...

Over the last eight years (longer if one were to consider the events, initial inquiries, comments and processes that got us there), there has been a significant shift surrounding how to account for ...

Agency: "National Credit Union Administration (NCUA)." SUMMARY: This final rule facilitates the transition of federally insured credit unions (FICUs) to the current expected credit loss (CECL) ...

NEW YORK--(BUSINESS WIRE)--BCI Miami, the U.S branch of Chile’s Banco de Credito e Inversiones, has chosen Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) to provide software for managing ...