Attorneys, compliance pros offer updates at Compliance & Legal Conference

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2019 Compliance & Legal Conference

The New York Credit Union Association’s 2019 Compliance & Legal Conference concluded last Friday in Verona. Over the course of two days, attendees heard from several leading attorneys and compliance experts, who discussed the many legal and regulatory issues credit unions should be preparing for.

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Mellin thanks FASB for CECL delay, urges CU carve-out

Mellin250.jpgIn a recent letter to the Financial Accounting Standards Board, New York Credit Union Association President/CEO William J. Mellin said the Association is supportive of the board’s plan to delay the effective date of the current expected credit loss accounting standard, commonly known as CECL. The proposal seeks to delay the effective date of the standard until January 2023 for credit unions.

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