Tag Archives: Compliance

Agencies Propose CECL Policy Statement

On October 17, 2019, the Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and National Credit Union Administration released for public comment a proposed interagency policy statement on allowances for credit losses (“ACLs”).  The proposed policy statement reflects the Financial Accounting Standards Board’s adoption … Continue Reading

Community Banks Share Compliance Officers

Over the past few years, banks have been forced to devote more resources to compliance and compliance personnel as the regulatory burdens on financial institutions have increased.  For large financial institutions, this generally means hiring additional compliance staff.  In 2014, The Wall Street Journal tagged compliance officers with the “the hottest job in America.” But, … Continue Reading
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