CUNA will partner with the Financial Accounting Standards Board (FASB) for a Dec. 19 webinar on the current expected credit loss (CECL) standard, one of several CECL implementation workshops hosted by credit union organizations. FASB recently approved delaying CECL implementation for credit unions to January 2023.
NCUA, along with the Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency, issued a request for comment last week on a proposed interagency policy statement on allowances for credit losses.
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