Pholiota squarrosoides

Scientific name:  Pholiota squarrosoides (Peck) Saccardo
Derivation of name:  Oides means "similar to" or
"resembling." In this case, Pholiota squarrosoides resembles
Pholiota squarrosa.
Synonyms:  
Common name(s):  Scaly Pholiota; Sharp-scaly Pholiota.
Phylum:   Basidiomycota
Order:   Agaricales
Family:   Strophariaceae
Occurrence on wood substrate:  Saprobic and parasitic;
typically in cespitose clusters on living and dead deciduous
wood; September through October. 
Dimensions:  Caps 2.5-10 cm wide; stipes 5-15 cm long
and 5-15 mm thick.   
Cap:  Sticky to viscid; whitish at first, becoming cinnamon-
buff; covered with erect (or downcurled) and pointed tawny
scales.     
Gills: Attached; pale yellow at first, becoming brownish as
the spores mature.
Spore print: Brown.
Stipe: Dry; buff; covered with tawny scales below ring, white
and smooth above ring.
Veil: Off-white partial veil leaving fibrous or membranous,
often evanescent ring on upper stalk.
Edibility: Although some people eat it, it is not
recommended as there are reports of gastric upset following
ingestion.
Comments:  This species causes a heartrot of living trees.

More information at RogersMushrooms.com:   

    
Figure 1. Cespitose clusters of Pholiota squarrosoides
growing on dead wood at Goose Island, Wisconsin.
Photo © Gary Emberger.

Figure 2. Note the prominent scales and the partial veil
covering the gills in the young specimens. Photo © William
Roody.

Figure 3. Note the ring remnants on the cap margin and the
ring on the upper stipe. Photo © Gary Emberger.