WASHINGTON—The Financial Accounting Standards Board (FASB) plans to meet next month to discuss whether to reduce the number of effective dates for the current expected credit loss accounting rule (CECL), with reports suggesting the board may push back the consolidated date to 2023.
Fresh Today
SAN DIEGO–Cabrillo CU has named an interim CEO. The credit union has selected Mike DeShazo to fill the role after serving in several key leadership positions within the credit union, including chief operating officer and chief administration officer.
WASHINGTON—The Federal Deposit Insurance Corporation and CFPB are co-hosting a webinar to promote ways in which financial institutions and law enforcement can collaborate to address and prevent elder financial abuse.
WASHINGTON—Additional information is available from the CFPB and Federal Reserve Board on the final rule related to inflation-based adjustments to the dollar amounts required by the Expedited Funds Availability Act (EFA Act) and Regulation.
FALCON HEIGHTS, Minn.–SPIRE Credit Union has entered into a multi-year partnership with Minnesota Vikings Quarterback Kirk Cousins.
PANAMA CITY, Fla. –Tyndall FCU has torn down a building here that was damaged by last year’s hurricane.
DENVER–Credit unions in two different states have announced mergers.
WASHINGTON—Payments made through mobile apps such Apple Pay are rising, but at a slower rate than in past years, according to a new report.
VIENNA, Va.–Navy FCU has launched HomeSquad, a new online mortgage application tool the credit union said is designed to simplify the home buying process. Navy Federal members can access HomeSquad through the Navy Federal mobile app or through the CU’s website.
LONDON—A decade's collection of data breaches shows a bleak picture with billions of records exposed from these incidents and financial damages of more than $1.6 trillion, a new report reveals.