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The NCUA Board issued a proposed rule to address the implementation by federally insured credit unions to 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.  The Board is reviewing public comments received on the proposed rule in anticipation of a potential final rule to adopt these changes.