Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (08/04/2009)
* WASHINGTON (8/5/09)--The Federal Deposit Insurance Corp. (FDIC) issued a letter Monday urging financial institutions to look at potential loan losses. Each institution should “analyze the collectibility of its loans held for investment and maintain an allowance for loan and lease losses. After determining the appropriate historical loss rate for each group, management should consider those current qualitative or environmental factors that are likely to cause the estimated credit losses on the loans,” FDIC said. Failure to recognize losses could delay loss mitigation activity--such as restructuring junior lien loans to more affordable payments or reducing principal on such loans, the agency warned ...


RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
1 Day ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
1 Day ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
1 Day ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
1 Day ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
1 Day ago