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TBA News & Headlines

Agencies Issue Guidance on Final CECL Standard

The federal banking agencies on Friday issued guidance on implementing the Financial Accounting Standards Board’s new loan loss accounting standard, which uses a current expected credit loss, or CECL, model.

FASB Issues Final Loan Loss Accounting Standard

The Financial Accounting Standards Board today issued its new loan loss accounting framework, also known as the current expected credit loss model. Bank regulators have described CECL as the “biggest change to bank accounting ever.”

House Bill Introduced to Repeal Durbin Amendment

Rep. Randy Neugebauer (R-Texas) yesterday introduced H.R. 5465, a bill that would repeal Dodd-Frank’s Durbin Amendment, which institutes a cap on debit interchange fees charged by institutions with $10 billion or more in assets.

FDIC Announces Relief for Texas Banks After Severe Storms, Flooding

The FDIC is encouraging banks to work constructively with borrowers experiencing difficulties beyond their control because of damage caused by the severe weather. It'll also consider regulatory relief from certain filing and publishing requirements.