ICBA Chairman Tim Zimmerman joined a Financial Accounting Standards Board roundtable meeting to discuss community banker concerns with the Current Expected Credit Loss standard.
At the meeting in Norwalk, Conn., Zimmerman said that while community banks have achieved substantial improvements to the standard in recent years, they remain concerned with the operational costs of implementing the CECL accounting standard.
In a recent Main Street Matters blog post, ICBA’s Chris Cole and James Kendrick recap the years-long campaign to improve CECL and new opportunities to build on those improvements.
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