NEW YORK—At least one Fed president is urging caution before overreacting to data indicating the economy is slowing.
Fresh Today
ALEXANDRIA, Va.–NCUA has issued prohibition notices against two people, prohibiting them from participating in the affairs of any federally insured financial institution.
WASHINGTON—The Financial Accounting Standards Board (FASB) is set to discuss feedback from the January roundtable on its current expected credit loss (CECL) standard at a board meeting scheduled for 9 a.m. Wednesday.
MANCHESTER, N.H.–Bellwether Community Credit Union has named a successor to retiring CEO Michael L’Ecuyer. The credit union has selected Nathan Saller, a 22-year employee of Bellwether Community, to lead the organization.
BASEL, Switzerland—The World Council said it led an effort to persuade the Basel Committee on Banking Supervision to endorse proportionality, which allows national and regional financial regulators to prescribe compliance standards for credit unions that are less burdensome than those required by Basel III and other international financial regulatory standards.
LAS VEGAS–Whitefish Credit Union won the Best of Show Award – the highest honor in the CUNA Marketing & Business Development Council’s Diamond Awards competition – during the Council’s 26th annual conference here.
WASHINGTON—Regulations governing how businesses can interact with consumers, especially related to telephones, are not keeping up with technology, leaving both consumers and businesses at risk, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices.
MADISON, Wis.–CUNA Mutual Group has received a perfect score of 100 on the 2019 Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to LGBTQ workplace equality. It is administered by the Human Rights Campaign (HRC) Foundation.
SCOTTSDALE, Ariz.–Another analyst has weighed in on the new Apple Card with a less-than-resounding review.
TALLAHASSEE, Fla.— A former credit union employee here has been charged with stealing nearly $37,000 over a two-year period.