Industry thankful for CECL delay but concerns persist

Non-public entities will have an extra year to implement new accounting standards crafted by the Financial Accounting Standards Board (FASB).

Multiple trade groups advocated for a delay in the implementation date but recently proposed updates to eliminate redundancy have raised other concerns that have nothing to do with the timing of compliance, as the Independent Community Bankers of America’s James Kendrick told Dodd Frank Update.

Find out what other issues related to the new standards and proposed changes to it have some in the industry on edge.