New disclosures under CECL, the current expected credit loss model, might not be the top concern of financial professionals shifting to the updated accounting standard in 2023. Still, revisions to ...

The Financial Accounting Standards Board issued a proposed accounting standards update Tuesday that would expand the disclosures under its credit losses standard to give more information to investors ...

Apparently, federal lawmakers heard the concerns from banks, credit unions and finance companies about the challenges of preparing for significant accounting changes in connection with reserving for ...

Subprime Analytics president Ken Shilson appeared again on the Auto Remarketing Podcast to discuss what he thinks is one of the most important operational challenges buy-here, pay-here dealers are ...

NEW YORK--(BUSINESS WIRE)-- Moody’s Analytics today announced that Vista Bank has selected the ImpairmentStudio solution to help it address Allowance for Loan and Lease Losses (ALLL)/Incurred Loss ...

Banks and other financial institutions have griped about being inundated with new rules and regulations over the past decade. But for the new Current Expected Credit Losses (CECL) accounting ...

CARY, N.C., May 17, 2018 /PRNewswire/ -- Current Expected Credit Loss (CECL), the largest accounting change in history, will alter how banks estimate credit losses in their portfolio, and will have a ...

Deseret First Credit Union in West Valley City, Utah, raised its provision to $521,000 last year compared to $83,000 in 2021 and cited CECL implementation as the main reason. Credit unions bracing for ...

In a scene from the film The Big Short about the advent of the 2007–08 financial crisis, a handful of financially savvy individuals noticed a disturbing trend: Homeowners with great credit ratings ...