Implementation of the current-expected-credit-loss (CECL) accounting standard kicks in next January for credit unions, and their federal regulator on Thursday noted plans to help them complete the first hurdle. During a briefing during Thursday’s open […]
On a bipartisan, 2-1 vote, the board of the federal agency that regulates credit unions issued a proposed rule Thursday that would require federal credit union (FCU) boards of directors to establish and adhere to […]
Wondering which consumer reporting companies can be held accountable by the public? Wonder no more: A list of “dozens of specialty reporting companies that collect and sell access to people’s data” was released Thursday by […]
Anthony Cappetta is the new president of the government-sponsored lending facility for credit unions experiencing unusual or unexpected liquidity shortfalls, the federal credit union regulator said Wednesday. His appointment is effective Monday (Jan. 30). A […]
Federal Reserve policymakers may be on the verge of raising interest rates to deal with rising inflation – by March, that is – but financial stability continues to be solid, the chairman of the agency […]
The top insurance executive for the federal fund that insures bank deposits is retiring, effective at the end of May, after a 34-year career, the agency announced Wednesday. Diane Ellis, director of the division of […]
Reduction of “junk fees” charged by banks and financial companies is the aim of an initiative announced Wednesday by the consumer financial protection agency. The aim, according to Consumer Financial Protection Bureau (CFPB) Director Rohit […]
Two former officers of the now-defunct First National Bank (Edinburg, Texas) would be barred from any future work in federally insured financial institutions and required to pay a combined $500,000 – that’s $250,000 each – […]
Diversity – not in the context of race or culture, but in geography and professional experience – may be the hurdles that at least one senator insist be cleared before four Federal Reserve nominees get […]
Changes to the first-quarter call report for credit unions will be highlighted during a 90-minute webinar set for Feb. 10 by their federal regulator, the agency said Tuesday. The National Credit Union Administration (NCUA) said […]
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