Fresh Today

Fresh Today

WASHINGTON—NAFCU Senior Regulatory Affairs Counsel Michael Emancipator and Regulatory Affairs Counsel Ann Kossachev recently met with the Small Business Administration's William Manger and his staff to discuss SBA guaranteed loans and other issues.

WASHINGTON—The Financial Accounting Standards Board (FASB) should indefinitely suspend implementation of the "current expected credit losses" (CECL) standard while the board reassesses the standard's requirements, according to NAFCU.

WASHINGTON–Older consumers frequently report servicing problems with reverse mortgages, difficulties recovering money after financial scams, confusion around deferred interest credit cards, and charges for unauthorized add-on products, according to the most recent monthly complaint “snapshot” released by the Consumer Financial Protection Bureau.