FASB
to provide update on CECL, more during Dec. 19 webcast
The Financial
Accounting Standards Board (FASB) is hosting its semiannual webcast Dec. 19 to
provide private companies and not-for-profit organizations with an update on its
standard-setting activities. Of note on the agenda is an update on implementation
efforts for its current expected credit loss (CECL) standard.
FedNow,
consumer privacy on NAFCU Cyber and Payments Committee agenda
NAFCU's
Cybersecurity and Payments Committee today is set to hear an update on the Federal
Reserve's FedNow Service from the Federal Reserve Bank of Chicago's
Tim Boike. The committee will also discuss the latest developments in data security
and fintech legislation, and issues related to consumer privacy.
NAFCU
to CUs: Share input on unauthorized mobile app transactions
Following
several questions from members on how to handle unauthorized use claims when a
mobile payment app was used to facilitate a transaction, NAFCU's Compliance
and Regulatory Affairs Teams are seeking feedback from credit unions on how they
would like Regulation E error resolution responsibilities clarified.
The 2019 NAFCU Report on Credit Unions
is now available
Get details on the latest issues and trends affecting
credit unions
NCUA
bans 6 from future work in FIs
The NCUA in November issued three prohibition
orders and three prohibition notices, prohibiting individuals previously associated
with credit unions from any future participation in the affairs of a federally insured financial institution.
