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FASB Formally OKs CECL Delay for Some Banks, Credit Unions

FASB Formally OKs CECL Delay for Some Banks, Credit Unions

by Diane McLaughlin | Oct 17, 2019 | Banking & Lending, Industry News

The Federal Accounting Standards Board voted on Oct. 16 to delay the new current expected credit loss standard for some companies. In its decision, FASB said the delay would provide additional implementation time for eligible entities. The delay does not apply to...

Community Banks in Rural Areas Differ from Those in Urban Areas

by The Registry Review | Oct 9, 2018 | Banking & Lending, Industry News, RR Daily

Community banks in urban areas hold more assets and tend to be larger, but have consistently been out-performed by community banks in rural areas, according to recent data from the Federal Reserve that examined community banks of different sizes and in different...

CSBS to Create Community Bank Sentiment Index

by The Registry Review | Oct 5, 2018 | Banking & Lending, Industry News, RR Daily

Community bankers will soon have another tool they can use to gauge market conditions and prospects for growth. The Conference of State Bank Supervisors today announced yesterday that it is creating an ongoing sentiment index of community bankers based on its annual...

Poll: Many Community Banks Lack CECL Task Force

by The Registry Review | Sep 11, 2018 | Banking & Lending, Industry News, RR Daily

Nearly half of community banks in the U.S. have not formed a task force for implementing current expected credit loss accounting standards, which is expected to take effect in just two years. That’s according to a flash poll conducted by the Philadelphia-based...

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