NCUA, along with other federal financial regulators, issued a request for comment on a proposed interagency policy statement promote consistency in the interpretation of the credit losses accounting standard, which introduces the CECL methodology.
The NCUA board will vote on a final public unit and non-member shares rule, and issue a notice of public rulemaking on chartering and field of membership at its Oct. 24 meeting. The board will also hear a briefing on cybersecurity.
A bipartisan commission leading the CFPB, as proposed by President Barack Obama and Sen. Elizabeth Warren (D-Mass.), is essential to preserving the CFPB’s independence, CUNA wrote to the Senate Banking Committee.