Regulators Offer CECL Guidance to Aid Industry’s Adoption

National Mortgage News, Oct. 17, 2019–Hannah Lang (subscription)
The proposed policy statement issued by the Federal Reserve, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency and the National Credit Union Administration describes CECL methodologies for determining allowances for credit losses “applicable to financial assets measured at amortized cost.”
https://www.nationalmortgagenews.com/news/regulators-propose-cecl-guidance-to-aid-industrys-adoption