Fresh Today

NEW YORK–The AICPA’s Financial Reporting Executive Committee has issued working drafts of accounting issues related to the implementation of Accounting Standards Update (ASU) No. 2016-13, Financial Instruments-Credit Losses and is requesting feedback on issue paper Reasonable and Supportable Forecasting.

WASHINGTON—The Federal Housing Finance Agency (FHFA) has issued a final rule to evaluate new credit scoring models for use by the government-sponsored enterprises (GSEs) that includes a change to encourage competition by allowing more developers to submit models for consideration.