CHICAGO–Considering a redesign of your credit union’s office floor plan to accommodate the latest fad in workspaces, hot desking? Many companies are, but at least one person is calling it a “cuckoo land” concept.
Fresh Today
WASHINGTON–The Federal Deposit Insurance Corporation (FDIC) said it plans to centralize its supervision and resolution activities for the largest banks and complex financial institutions in a new division to be named the Division of Complex Institution Supervision and Resolution (CISR).
REDWOOD CITY, Calif.—Oracle is broadening availability of its Oracle Financial Services anti-money laundering solution to reach smaller FIs, the company said.
WASHINGTON—Following a letter from the American Bankers Association's (ABA) to NCUA requesting an assessment of credit unions and their commitment to underserved populations, NAFCU is urging the agency to remain focused on priorities.
WASHINGTON—The House Financial Services Committee will be holding a hearing on Facebook’s proposed virtual currency Libra on July 17.
WASHINGTON—As members of Congress return to their home districts ahead of the July 4 holiday, NAFCU is urging credit unions – especially defense credit unions – to connect with their lawmakers.
WASHINGTON—The CFPB is being urged to preserve credit unions' ability to provide remittance services by reinstating the temporary exception under equivalent, statutory authority.
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.
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.