Loan-loss rule

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Banks petition Mnuchin for help in fighting new loan rule

May 08, 2017By

A new rule from the Financial Accounting Standards Board is set to take effect in 2019, but some regional banks are fighting back. In fact, they even sent a letter to Treasury Secretary Steven Mnuchin, asking him to review the rule and explaining it could make borrowing more expensive.

3d rendering of a row of luxury townhouses along a street

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