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That’s the position being taken by CUNA Acting President/CEO, Bill Hampel. The proposed rule would utilize a single "expected loss" measurement for the recognition of credit losses, replacing the multiple existing impairment models currently in use that primarily use an "incurred loss" approach. In a letter to FASB, Hampel argues that the proposed changes could have a “significant detrimental” impact on credit unions. [8/22/14]
Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.
What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video