Major figures in the banking and commercial and residential real estate industries roundly condemned Wednesday’s attack on the U.S. Capitol Building by supporters of President Donald Trump aimed at halting Congress’ ceremonial affirmation of the 2020 election results.
The Federal Accounting Standards Board voted on Oct. 16 to delay the new CECL (current expected credit loss) standard for some companies.
The regulatory relief party may be over in Congress, but credit union trade groups do not seem terribly upset about the results of midterms.
Credit union trade groups are pushing back against proposed legislation from Sen. Elizabeth Warren that would potentially wrap some credit unions under the Community Reinvestment Act.
As the price of Bitcoin sky rockets, credit unions are plunging deeper into the world of crypto-currencies, with the belief that investing in the block chain technology may pay off in the long run.
According to a recent survey on cybersecurity conducted by the National Association of Federally-Insured Credit Unions, 63 percent of respondents indicated they are “very concerned” about another Equifax-type data breach.
Sweeping tax reform legislation unveiled by House Republicans Thursday preserved the credit union tax exemption, eliciting cheers from credit union advocacy groups and calls from banking associations advocating for a level playing field.
Two major credit union advocacy groups are in disagreement over the National Credit Union Association’s proposed plan to close the Temporary Corporate Credit Union Stabilization Fund sometime this year.
Two of the country’s major credit union advocacy groups have recently sent letters to the Consumer Financial Protection Bureau, pushing for further delay of the agency’s proposed amendments regarding prepaid accounts.
