WASHINGTON–A Financial Accounting Standards Board meeting here included a focus on possible issues that may arise when organizations implement the "current expected credit loss" accounting standard and discussed acceptable methods for determining the estimated life of a credit card receivable, according to NAFCU, which was in attendance as the FASB meeting.
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WASHINGTON —As expected, the Federal Reserve has moved to raise its benchmark interest rate a quarter point to a range from 1% to 1.25%.
HONOLULU—NAFCU announced the newly elected and continuing members of its 2017 – 2018 board of directors during its Annual Business Meeting here, held in conjunction with the association's 50th Annual Conference and Solutions Expo.
WASHINGTON—Consumers suffer when credit unions are forced to curtail communications with member-owners, as they cannot receive the information they need, CUNA wrote to the leadership of a House Judiciary subcommittee.
ST. PAUL, Minn.–Affinity Plus FCU has selected Fiserv as its new technology provider.
RAPID CITY, S.D.–Credit unions in this state are being cautioned over what is believed to be a marketing scam targeting CUs.
MADISON, Wis.– Forty-eight credit union professionals have become Credit Union Development Educators (CUDEs) after completing the Credit Union Development Education (DE) Training from the National Credit Union Foundation.
WASHINGTON–The Consumer Financial Protection Bureau has taken action against mortgage servicer Fay Servicing for failing to provide mortgage borrowers with the protections against foreclosure that are required by law.
WASHINGTON–With their initial reviews now complete of the new 149-page report on its plans for banks and credit unions by the Treasury Report, additional reading reveals how the Trump Administration plans to defang the Consumer Financial Protection Bureau and reduce the reach of Dodd Frank.
ARLINGTON, Va.—NAFCU on Monday released its first-ever Credit Union Sentiment Index, which shows general optimism among the participants about continued loan and membership growth, but had concerns when it came to regulation.