The Federal Reserve Board of Governors in Washington DC.

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The CECL accounting standard is costly and counterproductive.

The CECL accounting standard is costly and counterproductive.

Claros Mortgage Trust (NYSE:CMTG) reported a second quarter 2026 GAAP net loss of $255.4 million, or $1.81 per share. Distributable loss was $90.8 million, or $0.63 per share, and distributable loss prior to realized gains and losses was $10.5 million, or $0.07 per share.CMTG recorded a $208.8 million CECL provision and ended the quarter with $567.4 million of CECL reserves, about 16.9% of UPB. The held-for-investment loan portfolio totaled $2.8 billion with a 5.8% weighted average all-in yield. Watchlist loans were $1.2 billion, down $477 million from year-end. REO assets totaled $723.7 million, including one multifamily sale at $48.0 million, slightly above carrying value. Liquidity was $103 million (including $90 million cash), net debt/equity was 2.0x, total leverage 2.7x, and book value $8.58 per share. Subsequent to quarter-end, CMTG resolved $409.5 million of loans and increased liquidity to $168 million.

World Acceptance Corporation (NASDAQ: WRLD) reported fiscal 2027 first-quarter net income of $6.1 million, or $1.33 per diluted share, up from $1.6 million a year earlier. Adjusted net income, excluding $3.6 million after-tax CEO transition expense, was $9.7 million, or $2.12 per diluted share.Total revenues rose 4.8% year over year to $139.2 million, driven by a 5.4% increase in interest and fee income to $121.5 million. Gross loans outstanding increased 2.3% to $1.29 billion, while CECL provision for credit losses declined $6.7 million to $43.8 million and net charge-offs fell to $43.3 million.Credit quality metrics improved modestly, with loans 0–60 days past due decreasing to 18.1% and loans 61+ days past due to 5.2%. G&A expenses increased 8.2% to $76.1 million, including $4.6 million of CEO transition costs, and interest expense rose 18.6% as average debt outstanding increased 27.6% and debt-to-equity reached 1.6:1. The company repurchased 15,858 shares for approximately $2.2 million in the quarter and had $10.0 million remaining repurchase capacity plus $63.8 million under its revolving credit facility as of June 30, 2026.

TSX-V-listed Lake Victoria Gold says Charl Coetzee of Sutton Consulting International has mobilised to the company’s fully permitted Imwelo gold project, in northwestern Tanzania, as project manager. The company says Coetzee is now on site supporting the approved Tanzania-led engineering, procurement and construction management (EPCM) framework, under which City Engineering Company (CECL) serves as primary EPCM contractor and commercial lead, with Sutton providing international technical support.

Gold explorer and developer Lake Victoria Gold (LVG) has announced that its subsidiary, Tembo Gold – holder of Mining Licence ML 538/2015 over the fully permitted Imwelo gold project, in northwestern Tanzania – has formalised the appointment of City Engineering Company (CECL) as primary engineering, procurement and construction management (EPCM) contractor, in association with Sutton Consulting International as international technical-support partner. LVG says the appointment of CECL received approval from Tanzania’s Mining Commission on June 29, and is structured in accordance with the country’s Mining Regulations of 2018.

Vancouver, British Columbia--(Newsfile Corp. - July 2, 2026) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to announce that its wholly owned Tanzanian subsidiary, Tembo Gold (T) Limited ("TGTL"), holder of Mining Licence ML 538/2015 over the fully permitted Imwelo Gold Project ("Imwelo" or the "Project") in northwestern Tanzania, has formalized the appointment of City Engineering Company Ltd. ("CECL") as primary Engineering, Procurement and...

Our downside IFRS 9 and CECL scenarios see inflation fall below baseline levels, rather than rising further.

ALEXANDRIA, Va.—The National Credit Union Administration has released the latest update to its Simplified Current Expected Credit Loss (CECL) Tool, providing smaller credit unions with updated data to help estimate loan-loss reserves […]

A practical guide to CECL under ASC 326 — the current expected credit loss model, how it works, who it affects, the judgments and disclosures involved, and how it differs from IFRS 9.

Processing forward-looking loan loss provisions: evidence from the adoption of the CECL model

KENNEWICK, Wash.–The Endangered Small Credit Union Defense (ESCUD) is calling on America’s Credit Unions, the Defense Credit Union Council, state leagues, and other credit union trade associations to make legislative relief from CECL for […]

Saying that the Current Expected Credit Loss accounting standard "clearly did not improve safety and soundness", Federal Reserve Vice Chair