FASB Approves Number of CU-Backed Changes to CECL 10/25/2018 07:44 pm WASHINGTON–The Financial Services Accounting Board (FASB) has approved a number of changes to its current expected credit loss (CECL) standard that have the backing of credit unions. In particular, FASB has extended the implementation date complying with the proposal.
Are All Those Wells Fargo Scandals Starting To Cost It Customers 10/15/2018 08:54 pm SAN FRANCISCO—Could the long series of scandals committed by Wells Fargo finally be costing the bank some customers? One new report suggests that could be the case.
McWatters: NCUA Continues To Reduce Reg Burden On CUs 10/24/2018 12:31 pm CLEARWATER, Fla.—NCUA Board Chairman Mark McWatters today re-emphasized that the agency is revising its regulations to reduce the regulatory burden on credit unions.
Why New Home Sales Continue to Decrease 10/25/2018 07:44 pm ARLINGTON, Va.—New home sales decreased 5.5% in September due in large part to deteriorating home affordability, according to NAFCU Research Assistant Yun Cohen.
Residential Mortgage Prepayment Rates Drop In 48 States And DC 12/19/2018 07:52 pm DENVER–Residential mortgage prepayment rates dropped in 48 states and the District of Columbia between the 12-month period that ended July 31 and the 12-month period that ended Oct. 31, according to newly released data.
McConnell Nixes Bill To Allow States To Regulate Cannabis Industries 01/01/2019 11:03 am WASHINGTON—Senate Majority Leader Mitch McConnell (R-KY) has rejected the STATES Act, legislation that would allow states to regulate their own cannabis industries without federal intervention.
What Peeling Back The Onion On Card Performance Reveals 12/19/2018 07:52 pm WASHINGTON—On the surface, credit card portfolios are performing well, but “peel back the onion” and there are some potential problems, according to one analyst.
CUs Record Record Growth In 2018 12/19/2018 07:52 pm WASHINGTON–2018 will close as the fastest year for credit union growth since 1986, according to data released by CUNA.
CUs, Consumers Urged To Watch Out For ‘Money Mule’ Fraud 01/01/2019 11:03 am WASHINGTON—The FBI is warning about a new form of fraud that targets companies, schools and nonprofits around the United States.
NCUA Bans Two People From CUs 01/01/2019 11:07 am ALEXANDRIA, Va.--NCUA issued one prohibition order and one prohibition notice in December.
