The ramifications of the proposed new standards are huge, and you can expect
significant confusion in the early years of implementation. Expect significantly
higher allowance for loan loss balances, and as a result, lower levels of
capital for all banking institutions. **** Read More At; A New Accounting Model For Loan Loss Allowances
In an ongoing effort to keep your FRCUA education current, modules are continually updated to reflect current NCUA and other regulatory agency requirements. As an example, BSA 26 now includes Artificial Intelligence and BSA, Elder Financial Exploitation, Pig Butchering & BSA, and Executive Order – Free and Fair Banking.
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