WASHINGTON–Three federal agencies have announced their approval of an option for financial institutions to phase in over three years the day-one regulatory capital effects of the “current expected credit losses” (CECL) accounting standard.
Fresh Today
BENTONVILLE, Ark.––Many shoppers on Walmart.com over the holidays found an extra item slipped into orders: an empty Walmart gift card.
WASHINGTON—The U.S. economy grew a downwardly revised 3.4% in the third quarter, according to the Commerce Department's third and final estimate.
WESTBURY, N.Y.–Credit unions in New York and New Hampshire are welcoming new CEOs, and in both cases they are replacing predecessors who have held the job for the past 32 years.
ADDISON, Texas–Integrated Lending Technologies (ILT) and Digital Matrix Systems (DMS) reported they have partnered to enhance the product offerings for ILT’s suite of loan origination software.
TUKWILA, Wash. — After reviewing more than 600 nominations from its members, BECU said it has distributed more than a half-million dollars to the recipients of its 2018 People Helping People Awards.
ORLANDO, Fla.–Robotic process automation (RPA) software is expected to grow from a $629-million market in 2018 to $1.2-billion by 2021, with one new survey showing more than one-third of surveyed financial institutions attribute a 2-5% revenue growth directly to an intelligent automation strategy that includes RPA.
MENLO PARK, Calif.–More fintechs are moving beyond just credit cards and loans and into a traditional old-line business: checking accounts.
BELIZE CITY, Belize–The 101-year-old CEO of a credit union here who was also a pioneer in this country’s CU movement has died.
NEW YORK—American Express is getting personal with its newest small-business credit card.