Fresh Today

Fresh Today

WASHINGTON—Paul Benda, executive vice president of risk, fraud and cybersecurity at the American Bankers Association, urged Congress last week to create a national fraud prevention strategy, including a new Office of Scam and Fraud Prevention within the Executive Office of the President, as part of his testimony before the House Financial Services Subcommittee on Oversight and Investigations.

ALEXANDRIA, Va.--NCUA has released the September 2025 update of its Simplified CECL Tool, which was developed primarily for small and non-complex credit unions as an option for estimating the allowance for credit losses on loans and leases.