Compliance Center: Federal Regulators Issue Joint Statement on the New CECL Accounting Standard
New statement covers initial information on new FASB accounting standard ASU 2016-13, for estimating allowance for credit losses.
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HUD Issues Discriminatory Effects Standard Final Rule
The Department of Housing and Urban Development has issued a final rule to formalize a national standard for determining whether a housing practice violates the Fair Housing Act as the result of a discriminatory effect.
Standard Flood Hazard Determination Form Revised
The Standard Flood Hazard Determination Form has been revised. The agency will be allowing users a three-year transition period ending May 30, 2015, so user systems can be changed before final adoption of the form is required.
Harland Clarke Launches New Standard in Check Packaging
Strategic Link business partner Harland Clarke has introduced CheckFolio, the company’s new check packaging system that will replace its traditional checkbox.
NCUA Eliminates Wall Street Ratings As Benchmark For CU Investing
The proposal would replace these ratings with either narrative standards or a credit union’s own internal standard.