FASB mulls delay of new credit loss rule for small lenders, CUs | Auto Finance News | Auto Finance News

FASB mulls delay of new credit loss rule for small lenders, CUs

The two years of transition to the Financial Accounting Standards Board rule called Current Expected Credit Losses — or CECL, for short — may extend to five years for smaller banks and credit unions.  FASB met this week and voted for a proposal to extend the implementation deadline, but only for small public banks, private lenders, […]

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