A Review of the 2021 Paycheck Protection Program

The 2021 release of the Paycheck Protection Program (PPP) is part of the Consolidated Appropriations Act (CAA), which was signed into law on December 27, 2020. The new release of the program arrived at the right time, as the health of small businesses had deteriorated toward the end of 2020. In this report, we first … Read more

Sifting Through CECL: Challenges and Implications Beyond Provisioning

The Current Expected Credit Loss (CECL) standard from the Financial Accounting Standards Board (FASB) is considered one of the most challenging accounting change projects in a generation, with significant and widespread impact on banks. Not surprisingly, FASB has been inundated with feedback and pushback since CECL was issued in 2016. In early June, two bills … Read more