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

https://congress.gov...

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