CECL Changes

August 28, 2020 - 2 min read

On May 19, 2020, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation announced a final rule that makes technical changes in the interim final rule (85 FR 29839) that the agencies announced on March 27, 2020. The interim final rule…

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Life of Loan Calculations Critical to CECL: Essential Concepts in CECL Preparation

June 25, 2019 - 4 min read

Financial institutions continue to prepare for the transition to accounting standard ASU 2016-13, commonly known as CECL.  The new accounting standard requires institutions to recognize the full life of loan expected credit loss at the time of origination. As implementation dates creep closer, most are busy gathering data, building models or selecting 3rd party partners, and…

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