U.S. merchants, Visa, Mastercard and other financial institutions announced a settlement Tuesday in a lawsuit dating back to 2005 over credit card interchange fees. Visa and Mastercard will cap credit card interchange fees into 2029. America’s Credit Unions is analyzing the settlement, but has concerns with several areas that could impact credit unions, including: The …
The NCUA released updates to its Simplified Current Expected Credit Losses (CECL) Tool. The updates reflect the average loan loss rates for 2021-2023 and the latest life-of-loan —or Weighted Average Remaining Maturity—factors. The agency noted that the updates will help credit unions determine the credit loss expense for the first quarter of 2024. It also …
The NCUA’s 2024 Diversity, Equity, and Inclusion (DEI) Summit takes place July 9-11 in Minneapolis. Participants are invited to learn and share best practices, workshop around industry-specific challenges, and network with DEI professionals. The 2024 DEI Summit website contains hotel booking information; the agency notes to watch for more updates and details in the coming …
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