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FASB hears CECL concerns, plans March meeting date

Tammy Whitehouse | January 29, 2019

Making no promises about what action, if any, it will take, the Financial Accounting Standards Board will meet in March to determine whether and how it might further modify the CECL standard on credit losses.

FASB met with banks and others to hear emerging concerns about the current expected credit losses, or CECL, approach to reserving for loan losses under Accounting Standards Codification Topic 326. The new standard takes effect for public companies Jan. 1, 2020.

Some financial institutions have asked FASB to...

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