Anthony Gonzalez actually said...
Ultimately, the new standard has produced many concerns that CECL will have the opposite effect than intended, and rather than produce a safer financial outlook in a downturn, CECL could be procyclical and, indeed, cause problems for us during a downturn by tightening credit too much.
Context
Expressing concerns that CECL might worsen financial conditions during downturns.
01/14/2020