Wednesday, October 20, 2021

Asking for your help with CECL survey

The ABA has prepared a brief banker survey and is asking bankers to help the Alliance provide more data to the regulators and Congress in an effort to get a better understanding of what CECL looks like from the bankers’ perspective.

“We’re asking OBA-member banks to take just a few minutes to respond to the survey and help us collect data and develop information that reinforces our concerns about what CECL will do to traditional community banks and their customers,” OBA President and CEO Roger Beverage said.

Here’s the link to the survey:

Please take a moment and respond to this important survey. So far there have been very few responses, and if we’re going to have any chance to impact what this new standard will mean for bank customers, we’re going to need your help.

The answers are due by March 11.