Thank you for sharing!

Your article was successfully shared with the contacts you provided.
financial regulations Financial regulations. (Photo: Shutterstock).

The Financial Accounting Standards Board agreed Wednesday to delay the effective date for the controversial Current Expected Credit Loss (CECL) standard an additional year—until January 2023—for credit unions.

Credit union trade groups have vehemently argued that they should not be subject to CECL at all.

David Baumann

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.