WASHINGTON—NAFCU has asked House Financial Services Committee Chairwoman Maxine Waters (D-CA) and Ranking Member Patrick McHenry (R-NC) to hold a hearing to explore the effects the Financial Accounting Standard Board's (FASB) current expected credit loss (CECL) standard will have on financial institutions, particularly small credit unions, and consider committee member Blaine Luetkemeyer's (R-M) proposed legislation to not require compliance with the standard.
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MADISON, Wis.–The CUNA Marketing & Business Development Council is now officially accepting entries for its 2021 Diamond Awards, and said in seeking to honor critical and challenging work executed by credit unions this year, it has added a Crisis Management category.
ONTARIO, Calif.–The Western CUNA Management School (WCMS) hosted its first-ever colloquium instead of a graduation ceremony for third-year students as a result of the COVID-19 pandemic.
WASHINGTON– The Defense Credit Union Council has announced its new board of directors.
LOS ANGELES–The CEO of one credit union admits it may sound “crazy,” but he’s calling on the CU community to come together to immediately create a digital credit union to serve those historically black colleges that don’t have their own CUs.
WASHINGTON–Georgetown University Alumni and Student FCU said it has partnered with Georgetown University to create the Georgetown University Credit Builder Program, which will provide the credit union with $35,000 annually to open share-secured Credit Builder loans and full-service checking and savings accounts for all incoming students in the 2020-21 school year, and beyond.
NEW YORK––American Express is reportedly in discussions to purchase Kabbage, Inc., one of the largest online business owners.
Day 2 of DCUC Virtual Annual Meeting Outlines Accomplishments, Offers Updates From Military Branches
WASHINGTON–During the second day of the Defense Credit Union Council’s “Together in Spirit” virtual annual conference, Michael Kloiber, DCUC chair and president/CEO of Tinker FCU, outlined some of the association’s major accomplishments over the past year.
WASHINGTON–NCUA will be joining with the Consumer Financial Protection Bureau and the FDIC to host a webinar titled“Back to School: Financial Education and Consumer Financial Protection Information Resources for Educators and Parents.”
CINCINNATI—The U.S. Court of Appeals for the Sixth Circuit recently agreed with the Ninth and Second Circuits on an expanded definition of an automatic telephone dialing system (autodialer) under the Telephone Consumer Protection Act (TCPA), providing further evidence of a split between multiple federal appeals courts on this issue, according to NAFCU.