News

FASB gives credit unions an additional year to report losses

In a decision announced this week, the Financial Accounting Standard Board (FASB) will give credit unions an additional year to comply with still-to-be-announced rules on reporting loan and other credit losses. According to Steve Burkholder’s report on Bloomberg, BNA, “Larger banks and other public companies must apply the new standard in January 2020, rather than […]

LEVERAGE partners with Linqto for new app store

LEVERAGE and Linqto, a Silicon Valley technology company that specializes in apps for the financial services industry, are partnering to pilot the LEVERAGE App Store. The app store is powered by Linqto’s Otter platform. It allows participating financial institutions to select from a list of the latest fintech apps, brand those apps, and have them […]

League’s Florida contract lobbyist named best in state

INFLUENCE Magazine, run by Peter Schorsch of SaintPetersBlog.com and Extensive Enterprises Media, released its first Golden Rotunda Awards. The awards recognize the best in Florida’s lobbying corp. Capital City Consultants, the firm the League began using since late last year, was named the Lobbying Firm of the Year. A prestigious honor for them and for […]

Payday lending bill passes Alabama House committee

An Alabama House committee approved a payday lending bill that offers reforms. This new bill that was approved, still SB 91, has been significantly amended and watered down from its original version. The League has supported SB 91 – see Monday’s President’s Point. The bill the Financial Services committee approved on Wednesday offers an APR […]

NCUA to open grant process; $2 million available

Low-income credit unions seeking support to grow, train staff, and improve security should consider applying for Community Development Revolving Loan Fund assistance grants from the NCUA, which will offer $2 million in grant opportunities. NCUA’s Office of Small Credit Union Initiatives, which administers the grants, will accept applications between June 1 and June 30. To […]

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