WASHINGTON (2/8/16)--CUNA seeks assurance from the National Credit Union Administration that the agency will work with credit unions as they work to comply with a pending current expected credit loss proposal.
WASHINGTON (2/1/16)--As a result of concerns raised by CUNA and others in the financial services industry, the Financial Accounting Standards Board is holding a roundtable Thursday to discuss the impact of pending changes to its rules on the current expected credit loss standard (CECL).
CUNA and the Independent Community Bankers of America are partnering to encourage federal lawmakers to weigh in before the Financial Accounting Standards Board finalizes its proposal related to the impairment of financial assets.
CUNA continues to have grave concerns with the Federal Accounting Standards Board credit impairment proposal, concerns it expressed in a letter to National Credit Union Administration Chair Debbie Matz Tuesday.
The second phase of Same Day ACH rollout has a Sept. 15 effective date, and a list of recommended action items to be performed has been released. All financial institutions must be prepared to receive by Sept. 15.