Bank of America’s credit-card unit witnessed a $20.3 billion write-down due to declining credit and new regulations over the past two years, The Wall Street Journal reports. The bank is restating eight quarters of reports to regulators due to the write-downs.

The charge, being taken in “call reports” filed to bank regulators, is not counted under generally accepted accounting principles and will not affect BofA’s capital or previous earnings. The charges relate to the bank’s FIA Card Services unit, part of its Global Card Services business.

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