The Financial Accounting Standards Board voted earlier today to delay the implementation of their current expected credit losses standard until 2023 for credit unions and most other lenders.
Continue reading “FASB delays CECL implementation for CUs, other lenders until 2023”
Low-income credit unions interested in applying for Community Development Grants from NCUA have until this Sunday, July 20, to submit applications to the agency. Approximately $2 million will be administered through the Community Development Revolving Loan Fund during this grant round.
Continue reading “NCUA CDRLF grant round closes this Sunday”
Today marks the 85th anniversary of the signing of the Federal Credit Union Act, which allowed for the chartering and establishment of federal credit unions. Continue reading “Today marks 85th anniversary of FCU Act”
The CFPB and Federal Reserve Board jointly published final amendments to Regulation CC that implement a requirement to adjust for inflation the amount of funds depository institutions must make available to their members and customers.
Continue reading “CFPB, Federal Reserve issue final amendments to Reg. CC”
The 2019 session of the New York State Legislature came to a close early Friday morning, June 21.
