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...
Senate bill would end subsidies for the biggest banks and abandon Basel III for the smaller ones. Credit unions? Not mentioned.
Skeptics who saw the seeds of an eventual bank charter in the advent of American Express and Walmart had a change of heart and last week and announced that the jointly sponsored Bluebird prepaid card will carry FDIC deposit.
Small bankers trade kicks off Community Banking Month; CUNA counters that everything credits union do is "local."
CUNA, ABA has no comment so far, NAFCU approves of prepaid cards having FDIC, ICBA objects.
Community bankers trade group lists annual priorities: Killing CU tax break higher on list than protecting its own.
NAFCU President/CEO Fred Becker, who announced his retirement Jan. 7, said he will be leaving the credit union industry for good when he leaves the trade July 31.
Berger said NAFCU’s current strengths in advocacy, education and compliance will continue to be top priorities after he takes over on Aug. 1.
“There’s nothing worse than an ‘ex’ anything,” outgoing trade group chief says.
Transaction Account Guarantee extension suddenly seen as unlikely, raising questions about member business lending cap tagalong.