In This Issue:
- New Rule Will Require Banks to Provision for Bad Loans Earlier
- Four Years After Dodd-Frank, Law Still Unfinished
- Senate Panel to Review Borrowing of 'Too Big to Fail' Banks
- Community Banks Want Relief from Quarterly 'Call Reports'
- TRIA Amendment Requires Fed Board to Have Community Banker
- CFPB Takes on Complaints About Prepaid Cards
- Despite Legality, Banks Shunning Marijuana Business
- Excerpt from New Rule Will Require Banks to Provision for Bad Loans Earlier:
Banks must provision for souring loans much earlier than before under an international rule that will take effect in 2018, a decade after a global financial crisis the accounting reform seeks to stop. The collapse of Lehman Bros in 2008 highlighted how little capital banks held to cover a slump in the value of the assets on their books, forcing the public to bail out many lenders.
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