The Federal Reserve Offers Community Banks a New Tool to Meet Accounting Change
The Federal Reserve recently unveiled a tool to help small community banks—those with less than $1 billion in assets—comply with a new accounting standard they are required to implement by 2023. The standard is the current expected credit loss (CECL) methodology for setting banks’ loan loss allowances, and the tool is called SCALE—the Scaled CECL Allowance for Losses Estimator.
7/27/2021 Read more about The Federal Reserve Offers Community Banks a New Tool to Meet Accounting Change
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