Are banks taking advantage of the CECL extension?
Independent Banker
OCTOBER 31, 2021
The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation. April 2011. ICBA tells FASB CECL isn’t feasible for community banks.
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