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

© Can Stock Photo / mflippo

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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