Proposed extension allowing estimated fee disclosures won't make remittance compliance any easier.
Read some credit union suggestions made to the Federal Reserve Bank regarding how it could improve its payments system.
The Financial Accounting Standards Board is getting an earful from credit unions and trade associations. Even NCUA Chairman Debbie Matz, like others, is concerned about the accounting board’s exposure draft that would require financial institutions to base loan-loss allocations on expected losses, rather than incurred losses. In addition to requiring...
More deliberation to come, standards board promises, in proposed changes to loan losses accounting standards.
NAFCU said Thursday it has promoted Tessema Tefferi to senior regulatory affairs counsel and hired two more attorneys to work in that area.