View Rule
View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
NCUA | RIN: 3133-AF03 | Publication ID: Spring 2020 |
Title: Transition to the Current Expected Credit Loss (CECL) Methodology | |
Abstract:
The NCUA Board is developing a proposed rule to address the implementation by federally insured credit unions of the new current expected credit losses (CECL) methodology required under U.S. generally accepted accounting principles. Consistent with regulations issued by the federal banking agencies, the proposed rule would temporarily mitigate the adverse consequences of the day-one capital adjustments required by CECL. |
|
Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 702 | |
Legal Authority: 12 U.S.C. 1766(a) 12 U.S.C. 1784(a) 12 U.S.C. 1786(e) 12 U.S.C. 1790d |
Legal Deadline:
None |
||||||
Timetable:
|
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-and-recently-final-regulations | |
RIN Data Printed in the FR: No | |
Agency Contact: Ariel Pereira Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 548-2778 Fax:703 518-6569 Email: apereira@ncua.gov |