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We are pleased to announce that Peter Cherpack, an Executive VP and Senior Director of Credit Technology Solutions at Ardmore, published a recent American Banker article focused on recent activity surrounding CECL – including a whitepaper published by the American Bankers Association calling for a delay in its implementation and criticism from members of Congress. However, the Financial Accounting Standards Board (FASB) has shown no signs that CECL will be delayed, resulting in a sense of paralysis among community bankers looking for guidance and clarification on what their next, and in some cases, first steps should be.

To read the full article, click here.

If your institution is struggling with CECL, including data collection, best practices or implementation, please contact Peter at pcherpack@ardmoreadvisors.com.

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