PYMNTS
FEBRUARY 5, 2020
For lenders large and small, a new accounting rule could start to tighten lending standards, with the ripple effect of perhaps making credit a bit scarcer. CECL stands for “Current Expected Credit Losses” and replaces the Allowance for Loan and Lease Losses accounting standard.
PYMNTS
FEBRUARY 5, 2020
For lenders large and small, a new accounting rule could start to tighten lending standards, with the ripple effect of perhaps making credit a bit scarcer. CECL stands for “Current Expected Credit Losses” and replaces the Allowance for Loan and Lease Losses accounting standard.
PYMNTS
SEPTEMBER 12, 2019
To reflect the upcoming adoption of new accounting standards as well as lower interest rates, U.S. The forecast assumes stable unemployment, GDP growth of 1.5 The bank also indicated that the accounting standard of Current Expected Credit Loss (CECL), set to take effect in 2020, affected the outlook for growth.
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