On March 22 federal prudential regulators issued an Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by Coronavirus.
Tag: GAAP
FDIC Chair Calls for FASB to Delay CECL Rule Amid Pandemic
Federal Deposit Insurance Corp. Chair Jelena McWilliams, in a Mar. 19 letter to the Financial Accounting Standards Board, urged FASB to delay or postpone implementation of its current expected credit losses accounting rules.