FASB guidance ends ‘CECL double count’ on purchased loans
The Financial Accounting Standards Board published an accounting standards update that improves the accounting for purchased loans, according to a...
Newsbytes
House votes to end government shutdown
The House voted in favor of a Senate deal to reopen the government, ending a shutdown that began on Oct....
Agencies form strike force to target cryptocurrency scams
Federal law enforcement agencies announced the formation of an interagency “strike force” to target Southeast Asian cryptocurrency-related investment scams and...
U.S. Mint produces last penny
The U.S. Mint held a ceremony where U.S. Treasurer Brandon Beach struck the final circulating penny, ending 232 years of...
Supreme Court sets January date for hearing on removing Cook from Fed board
The U.S. Supreme Court will hold oral arguments in January on whether to overturn a lower court order barring President...
CFPB proposes changes to fair lending enforcement
The CFPB is proposing to remove disparate impact from its enforcement of the Equal Credit Opportunity Act, clarify the prohibition...
CFPB proposes to streamline small-business data collection rule
The CFPB is proposing revisions to its small-business lending data rule to scale back the scope of data collection, saying...
Ag lenders signal cautious outlook for farm profitability in 2025
Agricultural lenders report signs of tighter conditions in farm profitability and credit quality in 2025, according to a joint survey...
Atlanta Fed’s Bostic to retire
Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta, announced that he will step down from his...
DOJ: Congress, not Fed, must fund CFPB
The CFPB will exhaust its currently available funding early next year, and the bureau cannot withdraw funds from the Federal...
