WASHINGTON–CUNA has sent comment letters on two proposed interagency documents aimed at updating existing regulatory accounting guidance. The updates are related to FASB’s credit losses standard, which includes the current expected credit loss (CECL) methodology.
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KINGSPORT, Tenn.–Eastman Credit Union has announced another big year-end dividend for members.
NORTH LIBERTY, Iowa –GreenState Credit Union said it is partnering withTrees Forever on a three-year initiative during which a new tree will be planted for every new member that joins the credit union.
BILOXI, Miss.–A plan by two federal regulators to make potentially sweeping changes to the Community Reinvestment Act could have potentially negative consequences for a region of the Deep South, according to one person.
WASHINGTON—Total retail sales rose 0.2% in November, with sales within the control group increasing by 0.1%.
KYIV, Ukraine.—Ukraine’s Ministry of Justice has approved a new set of financial standards, which were developed with significant support from senior experts at the World Council of Credit Unions/USAID Credit for Agriculture Producers (CAP) Project, according to the association.
NEWARK, N.J. – Three men were arrested in connection with a cryptocurrency mining scheme that defrauded investors of $722 million, U.S. Attorney Craig Carpenito said.
ALBUQUERQUE, N.M.–Two credit unions have announced significant special dividends for members as year-end approaches.
WASHINGTON—Mortgage lenders’ profit margin outlook for the next three months remains on solid ground, according to Fannie Mae’s Q4 2019 Mortgage Lender Sentiment Survey.
WASHINGTON–On the same day NCUA was announcing an increase for its 2020 budget, the FDIC announced a decrease. The FDIC board has approved a 2020 budget of $2.02 billion, a reduction of $26 million (1.3%) from 2019.