21-EA-27: FASB - Troubled Debt Restructurings

On November 23, 2021, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) to eliminate the accounting guidance for troubled debt restructurings (TDRs) for creditors that have adopted the current expected credit losses (CECL) loan loss standard while enhancing disclosure requirements for loan refinancings and restructurings by creditors made to borrowers experiencing financial difficulty.

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