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Ahead from the Start

Ahead from the Start - Auto Finance

A story about competition between two auto finance providers working toward CECL compliance

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There are two different start dates for implementation of the new US GAAP current expected credit loss (CECL) model. SEC filers must begin complying with CECL in December 2019. All other public business entities have another year.

But the big difference between auto finance providers working toward CECL isn’t their start dates—it’s their start position.