The latest from John Pettit

- by CUNA News

CECL delay to 2023 proposed, comments due Sept. 16

The Financial Accounting Standards Board (FASB) has issued its proposal on giving certain entities, including credit unions, additional time to implement the current expected credit loss (CECL) standard. The proposal ...

- by NAFCU Newsroom

NY Fed: Household debt exceeds peak reached in 2008

The Federal Reserve Bank of New York this week released second quarter data on household debt and credit that showed total household debt reached a new high of $13.86 ...

- by Patrick Enderby, CU Management

Inside Marketing: Machine learning is the secret to personalization

“Machine learning” and “financial services” are not two concepts that obviously go together—after all, financial institutions, particularly credit unions, rely and pride themselves on established trust with their members ...

- by David Baumann, CU Times

McHenry calls for financial industry cybersecurity hearings

The ranking Republican on the House Financial Services Committee is requesting hearings on data security in the financial industry, including the role that regulators play in the oversight of data ...

- by Preston Packer, FLEX

The role of credit unions in the student loan crisis

With student loans continuing to soar, the crisis has become a hot topic in both political and financial news. Student loan debt has reached astronomical levels in the United States, ...