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The four prudential agencies, which will enforce the new credit loss methodology developed by the Financial Accounting Standards Board, said they want to promote consistency.October 17
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FASB delayed implementation for the majority of banks and credit unions until 2023, but many in the industry still oppose the rule, despite regulators' attempts to ease the path forward.October 17
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The National Credit Union Administration should help soften the effects of the new standard on regulatory capital through rulemaking.October 7
ChairmanNational Credit Union Administration
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Congress is in session, but actions at NCUA, FASB and more will dominate the upcoming week in Washington for credit unions.September 16
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From marijuana to member business lending, a look at policymakers and others' perspectives on key issues affecting the industry.September 13
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When lawmakers return from their August recess, a host of unresolved financial policy issues — from marijuana banking to anti-money-laundering rule — will greet them.August 26
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FASB may have voted to delay its controversial new credit loss standard, but credit unions who use that delay as an excuse to further procrastinate are setting themselves up for failure.July 23
Senior Business ConsultantExperian
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After FASB's decision to give most credit unions and banks extra time to prepare, lobbying groups are pushing for more.July 18
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The decision gives the vast majority of banks and credit unions another year to implement the controversial accounting method for loan losses.July 17
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Credit unions could have an answer about when a new credit loss standard will take effect, while the National Credit Union Administration will hold its monthly board meeting this week.July 15
