NAFCU
to FCC: Reject recommended fee structure for reassigned numbers database
In a letter sent yesterday to the Federal Communications Commission (FCC), NAFCU
Senior Regulatory Counsel Elizabeth LaBerge reiterated the association's
support for a reassigned numbers database to aid in the elimination of illegal
robocalls, but cautioned against certain recommendations that could increase credit unions' costs.
FASB
meets on CECL, releases new technical updates
The Financial Accounting
Standards Board (FASB) yesterday met to discuss whether it would be appropriate
to recognize an insurance recovery asset in conjunction with an insured expected
credit loss under the amendments included in its current expected credit loss
(CECL) standard. During the meeting, FASB staff indicated that they were not currently
working on any major substantive issues related to CECL.
NAFCU
cancels Spring Regulatory Compliance School amid coronavirus concerns
With increased uncertainty around the coronavirus, NAFCU has canceled its Spring
Regulatory Compliance School that was set to begin next week in Arlington, Va.
The association is closely monitoring developments related to the virus as it
cares about the health and safety of members and staff.
NAFCU 2020 Vendor Directory
Easily find the
right solution providers for your credit union!
Does
your CU have the right service providers in place?
As credit unions
review their business continuity plans to ensure pandemic preparedness is included
amid coronavirus uncertainty, NAFCU's Vendor Directory is a great resource
to search for providers to fill potential gaps in products and services.
Deadline
extended: NAFCU seeks CU input on fraud, payments
NAFCU is encouraging
member credit unions to provide feedback on payments, fraud, and more for the
next edition of the Economic & CU Monitor. The deadline to submit feedback
via online survey has been extended to tomorrow.
Inflation
remains flat in February; NAFCU's Long predicts another rate cut
On a seasonally-adjusted basis, overall consumer prices increased 0.1 percent
in February, matching January's growth. The Bureau of Labor Statistics reported
that the overall consumer price index (CPI) grew 2.3 percent over the 12-month period.
