29 07, 2019

Washington Wire – July 30, 2019

By |2019-08-22T16:12:45+00:00July 29th, 2019|Advocacy, National Stories|0 Comments

This week in Washington, the House is in recess until Sept. 9. The Senate is expected to consider nominations for the posts of the Deputy Secretary of Defense and the Ambassador to the U.N. Last week, the U.S. House of Representatives passed H.R. 3375, the Stopping Bad Robocalls Act by a vote of 429-3. The [...]

29 07, 2019

Claim at least $125 in FTC settlement with Equifax

By |2019-08-22T16:12:45+00:00July 29th, 2019|Advocacy, National Stories, Top News Stories|0 Comments

When Equifax was breached by hackers, the personal information of 147 million consumers was potentially compromised. Now that the Federal Trade Commission reached an agreement with Equifax to pay up to $700 million in compensation, consumers are entitled to file for their portion of damages and have until Jan. 22, 2020, to file claims. By [...]

26 07, 2019

Martha Roby not running for re-election

By |2019-08-22T16:12:46+00:00July 26th, 2019|Advocacy, National Stories, Top News Stories|0 Comments

Congresswoman Martha Roby announced Friday that she will not seek a sixth term in Congress. Roby was first elected to Congress in 2010 after defeating Congressman and former longtime Montgomery Mayor Bobby Bright in one of the closest elections of the year. Prior to being elected to Congress, Roby worked as an attorney and served [...]

17 07, 2019

FASB delays CECL for CUs until 2023

By |2019-08-22T16:14:44+00:00July 17th, 2019|Advocacy, Compliance, National Stories, Top News Stories|0 Comments

The Financial Accounting Standards Board voted on July 17 to extend the deadline for conversion to the Current Expected Credit Loss methodology to January 2023 for all but the nation’s biggest publicly traded banks. CECL is used as shorthand for the new GAAP requirement to include expected life of loan (LOL) losses in the allowance for [...]

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