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News & Headlines

FASB Formalizes Proposal to Delay CECL Implementation for Some Institutions

8/16/2019
Following a vote last month, the Financial Accounting Standards Board yesterday formally issued its proposal to delay the implementation of the current expected credit loss standard until January 2023 for certain companies.

Branch Closures Not to Be Confused with Service Shortage

8/12/2019
Although more than 16,000 bank branches closed from 2013-18, new analysis shows the effects of these closures—especially on low-income and rural communities—have been minimal.

CFPB: Alternative Data Could Increase Availability, Lower Cost of Credit

8/8/2019
The use of alternative data in credit decisions could make a significant difference in the cost and availability of credit for consumers, according to a blog post published on the CFPB’s website.

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