Luetkemeyer Statement on Federal Regulators’ Two-Year CECL Delay
WASHINGTON, D.C. – Congressman Blaine Luetkemeyer (MO-03) released the following statement regarding a two-year delay in the capital requirements of the Current Expected Credit Loss (CECL) accounting standard from federal regulators that was announced today. “Today’s announcement should be the nail in the coffin for CECL. For years financial institutions, consumer…