Market Value Accounting For Loans Draws Ire Of CUs, Banks
Credit Union Journal Daily Briefing | Friday, September 3, 2010
NORWALK, Conn. – The Financial Accounting Standards Board’s proposal to extend market value accounting to long-term assets – including loans – is creating widespread opposition among the lending community, as credit unions and banks see the havoc market value accounting created on the investment side of the ledger over the...
