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WASHINGTON–Three federal agencies have announced their approval of an option for financial institutions to phase in over three years the day-one regulatory capital effects of the “current expected credit losses” (CECL) accounting standard.

PORTSMOUTH, N.H.–New CEOs have been named by four credit unions.

SLIDELL, La.—The Bank of Louisiana is leading a class-action lawsuit on behalf of banks and other financial institutions in the wake of the Marriott International data breach that revealed personal information – including names, addresses, payment card details and passport numbers – of as many as 500 million customers.

WASHINGTON—The “critical role” credit unions play in supporting the nation's small businesses was emphasized in a letter to the Small Business Administration.

WASHINGTON—CUNA is raising concerns over several recently proposed changes to the Small Business Administration’s (SBA) regulations pertaining to Express Loans and Affiliation Standards.

COLUMBUS, Ohio–Adam Kearns, VP of business development for the Ohio Credit Union League, has died.

CHICAGO–A new year brings with it a new list of predictions and prognostications, ranging from the concerns/non-concerns of credit union leaders to what the banking industry has planned to what the economy might hold.

WARNER ROBINS, Ga.–Robins Financial Credit Union has announced it is returning $13 million as part of a “Member Rebate.”

LONDON—Privacy watchdogs in Europe say they are continuing to see an increase in data breach reports as well as privacy complaints.

PLANO, Texas.—Member First Mortgage has launched its Western Division here.  The new division is led by Executive Vice President Linda Clampitt.