Abrigo

JUNE 3, 2016

The Financial Accounting Standards Board’s (FASB) long-awaited final guidance on its new standard for measuring expected credit losses is expected to be released in June, a step that will be a major milestone in the multi-year development of the current expected credit loss (CECL) model. It is available by replay here.

Credit Unions 68

Credit Unions CECL Credit and Collections Accounting Firms 68

Abrigo

JANUARY 1, 2016

Government Accountability Office (GAO), community banks and credit unions are starting feel the impact of the Dodd-Frank Wall Street Reform Act. The GAO report, released on December 30th, examined nine Dodd-Frank rules that became effective as of October 2015 for impact on community banks and credit unions.

Credit Unions 60

Credit Unions CECL 60

Abrigo

OCTOBER 31, 2019

CECL | 6 minute read Key Takeaways The FASB affirmed plans to extend deadlines for CECL implementation; a final vote is expected in November. FASB staff reported on implementation workshops underway. . CECL-compliant calculations you don't have to second guess? CECL workshops underway. Now that's big.

CECL 60

CECL Credit Unions Credit Risk 60

Abrigo

JULY 17, 2019

Small public banks, privately held banks, and credit unions will get extra time to get CECL right, based on a move by the Financial Accounting Standards Board Wednesday. Securities and Exchange Commission filers until January 2023 for CECL implementation. More time for better CECL implementation.

CECL 60

CECL Credit Unions 60

Abrigo

FEBRUARY 29, 2016

Two-thirds of bankers in a recent poll said their allowance for loan and lease losses (ALLL) is primarily calculated by only one or two people in the institution, according to Sageworks, a financial information company that provides loan portfolio and risk management solutions to banks and credit unions.

CECL 60

CECL Credit Unions 60