The NCUA Board (Source: NCUA)
WASHINGTON – The NCUA has the authority to phase in the upcoming Current Expected Credit Losses (CECL) standard, as the agency measures its impact, NCUA Chairman Rodney Hood said Tuesday.
"This will go a long way toward providing relief to credit unions that could see relatively large increases to their loan loss reserves when the new accounting standard becomes effective," Hood said at NAFCU's Congressional Caucus.
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