MADISON, Wis.—The World Council of Credit Unions is praising proposals by the International Accounting Standards Board (IASB) of the IFRS Foundation to update the IFRS for SMEs Accounting Standard.
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MEMPHIS, Tenn.—Strategic Resource Management (SRM), an independent advisory firm serving financial institutions and other industries, said it has acquired Boston-based Sievewright & Associates.
NEW YORK–Banking will be centered around the smartphone by 2030 as all countries become functionally cashless, according to a new analysis from GlobalData.
WASHINGTON—NCUA’s proposed rule establishing a 72-hour period for credit unions to provide notice of a reportable cyber incident would likely add more administrative burden to credit unions, NAFCU is saying.
DALLAS–A new analysis has found that auto loans originated in 2021 and 2022 are starting to show higher delinquency rates relative to loans originated in previous years, even when compared to loans unaffected by pandemic-related stimulus payments.
SUPERIOR, Wis.–Two Wisconsin credit unions have announced plans to merge.
WASHINGTON—NAFCU has written to leaders of the House of Representatives to reiterate its support for the Credit Union Board Modernization Act, which would modify existing language in the Federal Credit Union Act related to the requirement that credit union boards meet once a month.
ALEXANDRIA, Va. –NCUA has released its annual report to Congress on the performance of minority depository institution (MDI) credit unions and the agency’s work to support them.
WASHINGTON–CUNA and NAFCU have joined with the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Electronic Payments Coalition, and Independent Community Bankers of America in sending a letter to House Speaker Nancy Pelosi and Minority Leader Kevin McCarthy with a “warning” over the card interchange before the House.
SAN ANTONIO—SWBC is reporting it has expanded its Asset Recovery integration partnerships to include Location Services LLC.