In October 2008, the U.S. Financial Accounting Standards Board and the International Accounting Standards Board established the Financial Crisis Advisory Group as part of a joint approach to address the credit-loss reporting issues arising from the global financial crisis and an ongoing effort to unify U.S. and international standards. In...

It may be hard to imagine but 55% of the nations 27 million small businesses do not accept credit cards, according to an Intuit Inc. GoPayment survey. Those denials can be costly as much as $100 billion in sales each year, the data showed.

The National Retail Federation announced last week that it will formally oppose the final settlement of litigation between retailers, Visa and MasterCard and a number of the largest card issuers.

A retired employee of JetStream Federal Credit Union, Fernando Reyes, passed away on April 19 following a long battle with cancer. After a three decade career in financial services, Reyes joined the JetStream team and served as vice president of lending for 13 years, from 1998 to 2011. Reyes...

Jeff Russell, longtime card executive and innovator with TMG Financial Services, is leaving the card business to take a position as CEO of a dental insurance firm.

NCUA Chairman Debbie Matz last week announced the selection of James Hagen as the agencys next inspector general. Hagen, the current deputy inspector general for audit, will assume his new post June 1. He will succeed William DeSarno, who is retiring.

Elizabeth Hamilton is stepping down from 70 years of service to the credit union industry, marking the end of her tenure as the longest-serving credit union volunteer in U.S. history, according to the North Carolina Credit Union League.

The new Patient Protection and Affordable Care Act health insurance fee could add about 1.7% to the cost of commercial coverage from a profit plan in 2014.