Compliance
Blog tackles overdraft protection, affirmative consent
In a new Compliance
Blog post, NAFCU Regulatory Compliance Specialist Alma Calcano details provisions
related to overdraft protection, including what constitutes affirmative consent and how consent is confirmed.
Senators ask for update on GSE reform
Senate Banking Committee Ranking Member Sherrod Brown, D-Ohio, and other Democratic
members of the committee have requested an update on efforts to reform the government-sponsored
enterprises (GSEs) and remove them from conservatorship.
Crapo
seeks input on marijuana banking legislation
Following House passage
earlier this year of a bill that would provide a safe harbor for credit unions
and other lenders that serve marijuana-related businesses (MRBs) in states that
have legalized the drug, Senate Banking Committee Chairman Mike Crapo, R-Idaho,
is seeking "public feedback on ways to address public health and money laundering concerns with cannabis banking."
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Today:
FASB to provide update on CECL during webcast
The Financial Accounting
Standards Board (FASB) is hosting its semiannual webcast today 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.
