Accountants serving U.S. banks and credit unions are bracing for the impact that the current expected credit loss model may have on the institutions’ allowance for loan and lease losses and capital ...

Banks and other financial institutions are getting ready to begin complying this year with the Financial Accounting Standards Board’s new credit losses standard, which means they will need to start ...

Many industry leaders, influencers and stakeholders continue to question and raise doubts around the new accounting standard for Current Expected Credit Losses before it takes effect in 2020.

WASHINGTON — Banks and credit unions would not have to comply with a new loan-loss accounting standard until regulators study the impact it will have on credit availability and small financial ...