NORWALK, Conn.–The Financial Accounting Standards Board has announced a delay in the implementation date for its new current expected credit loss (CECL) standard for an additional year for credit unions, pushing back the compliance date until 2023.
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WASHINGTON–Senators grilled a Facebook executive here over its proposed new cryptocurrency, with the company responding by attempting to minimize concerns.
WASHINGTON–It isn’t just credit unions calling on Congress to proceed with caution in allowing Facebook to roll out its own cryptocurrency, called Libra.
ARLINGTON, Va.–Ahead of a Senate hearing on Facebook’s proposed Libra cryptocurrency, NAFCU sent a letter highlighting its concerns around the potential for terrorism financing and other criminal activity, as well as worries over privacy.
WASHINGTON — Treasury Secretary Steven Mnuchin has joined President Trump in expressing “very serious concerns” about cryptocurrencies, including the Libra cryptocurrency being developed by Facebook.
SINGAPORE—Singapore wants Facebook to offer up more details about the launch of its new cryptocurrency, Libra, before the country decides whether there is need for new regulation.
ELGIN, Ill.–Corporate America Family Credit Union has purchased Ben Franklin Financial, the holding company for Ben Franklin Bank of Illinois, in an all-cash transaction.
MADISON, Wis. – Middle-class Americans are less optimistic about their ability to achieve upward mobility than they were six months ago, according to new data from CUNA Mutual Group.
ST. LOUIS–For an increasing number of people, the American Dream of homeownership is becoming just that, a dream, especially in certain markets where affordability has become difficult for most. And now, rents are also becoming unaffordable for many.
WASHINGTON—A new report from the CFPB reveals that two-thirds of actively used credit card accounts don't pay off the full balance at the end of the billing cycle.