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WASHINGTON—NAFCU has  joined ten other trade associations representing servicemembers, foreign service officers, federal employees, Realtors and moving companies in sending a letter to Senate leadership urging them to advance S.998, the Moving Americans' Privacy Protection Act, which would help protect personal information of American servicemembers and foreign service personnel who are moving back into the United States from overseas.

WASHINGTON—The Financial Accounting Standards Board (FASB) has issued a final update to clarify the effective date for its current expected credit loss (CECL) standard.

WASHINGTON–The Federal Reserve said that in 2019 it will review its strategies, tools and communication practices it uses to pursue its congressionally assigned mandate of maximum employment and price stability.

HOBOKEN, N.J.–Will Turkey Loans be next on the credit union product menu?

TYSONS, Va.,— The PenFed Foundation presented Canine Companions for Independence with a $50,000 donation to support the launch of Canine Companions’ PTSD program, which will change the lives of veterans with post-traumatic stress disorder (PTSD) in the Northeast region. 

WASHINGTON–The nation’s community bankers are unhappy with a proposal aimed at reforming capital requirements for the industry.

ALEXANDRIA, Va. –The National Credit Union Administration board has released its monthly meeting schedule for 2019.

WASHINGTON–Commercial banks and savings institutions insured by the FDIC reported aggregate income of $62 billion during the third quarter, up $14 billion or 29.3% from the same quarter in 2017.

ALEXANDRIA, Va.—NCUA’s Office of Inspector General (OIG) has closed two investigations into NCUA Chairman Mark McWatters with no action taken.

MIDLAND, Mich.– Throughout October, Dow Chemical Employees Credit Union,  in partnership with MacDonald Broadcasting and WKCQ 98.1 FM, raised money for The Pink Fund,  an organization that provides nonmedical financial aid to help breast cancer patients in treatment cover basic cost-of-living expenses so they can focus on what matters most – healing, raising their families and returning to the workplace.