Same Day ACH Rules Enhanced

The National Automated Clearing House Association (NACHA) has approved proposed rules to expand the capabilities of Same Day ACH.

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FASB Proposes Modifying Effective Date of CECL Standard

The Financial Accounting Standards Board (FASB) board has proposed modifying the effective date of its Current Expected Credit Losses (CECL) standard for non-public companies, giving credit unions an extra year to prepare for the new rules.

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NCUA Proposes One-Year Delay of Risk-Based Capital Rule

The National Credit Union Administration (NCUA) Board today proposed delaying by one-year implementation of the risk-based capital rule (RBC) to January 1, 2020; and modifying the definition of complex credit unions from $100 million to $500 million in assets.

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NCUA Seeking Comments on Additional Payday Loan Alternative

The NCUA has proposed a rule to provide federal credit unions with an additional alternative option to offer payday alternative loans. Under the proposed framework, PALs II loans would be permitted up to $2,000, with no minimum, and a maximum loan term of up to 12 months.

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