The Financial Accounting Standards Board has made needed improvements to its final accounting standards update on credit losses to address community bank concerns, though additional changes are needed. ICBA has worked for years with FASB to ensure the Current Expected Credit Loss standard heeds the calls of community bankers for a more workable solution. Learn more about ICBA's ongoing advocacy efforts with the following interactive timeline.
Additional Resources from FASB and Regulators
ICBA Featured Resources
Current Expected Credit Loss Model