News : Regulatory News

Updated version of CECL FAQs released

Thursday, April 4, 2019  
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The National Credit Union Administration along with the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency recently released an updated version on Current Expected Credit Losses - CECL FAQs

The agencies have developed these frequently asked questions (FAQ) to assist institutions and examiners. The focus of the FAQs is on the application of CECL and related supervisory expectations. Each question identifies the date the FAQ was originally published as well as the date(s) it was updated, if applicable.  The agencies have also made minor technical and editorial changes to previously published FAQs.

Download the updated CECL FAQs here.

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