ARLINGTON, Va.—NAFCU has expressed its general support for NCUA's proposed rulemaking on supervisory committee audits and verifications, thanking the agency for its "commitment to providing supervisory committees flexibility in performing their audit duties."
WASHINGTON—The Financial Accounting Standards Board (FASB) has issued an update with amendments to the current expected credit loss (CECL) standard.
WASHINGTON—CUNA has updated its Military Lending Act (MLA) credit card fee spreadsheet for the first quarter of 2019.
ANAHEIM HILLS, Calif.–Two California CUs have announced a merger. The $29.5-million Cedars-Sinai FCU will merger into the $1.5-billion Credit Union of Southern California (CU SoCal) effective May 1.
SEOUL, South Korea—South Korea’s Financial Services Commission (FSC) has announced the first participants of its recently launched financial regulatory sandbox.
SOUTH BEND, Ind.–Teachers Credit Union here has announced the acquisition of New Bancorp, Inc., the holding company for New Buffalo Savings Bank.
WASHINGTON–The Senate has scheduled a hearing for next week on the job being done by federal financial regulators, but no regulatory agencies will be among those testifying.
ALEXANDRIA, Va.—NCUA's Office of Credit Union Resources and Expansion (CURE) has announced some changes to grant options through the Community Development Revolving Loan Fund (CDRLF) and upgrades to its Learning Management Service (LMS) and its priorities for the year. It also announced its priorities for the year during a webinar hosted by the agency.
WASHINGTON—Members of the House of Representatives are being urged to support legislation that would exclude veterans' loans from the statutory credit union member business loan cap.
WASHINGTON–The Consumer Financial Protection Bureau has issued a request for information (RFI) on its Remittance Rule.
