News stories tagged capitalization of interest

Ito: State system welcomes CECL, loan capitalization rules

(June 25, 2021) NASCUS President and CEO Lucy Ito said the state system embraces both new rules, which the association had supported. On interest capitalization, Ito said the new rule...

NASCUS-supported rules finalized on interest capitalization, CECL impact

(June 25, 2021) Final rules on capitalization of interest by federally insured credit unions, and on mitigating the day-one effect of the current expected credit loss (CECL) accounting standard on...

Rules on interest capitalization, CECL on NCUA Board agenda

(June 18, 2021) Two final rules – on mitigating the impact of the new CECL accounting standard, and allowing credit unions to capitalize interest, which NASCUS urged be finalized “expeditiously”...

Action coming on interest capitalization, derivatives, NCUA chairman indicates

(April 23, 2021) While no new regulations were proposed or finalized, the NCUA Board did indicate at its meeting Thursday that final rules on two NASCUS-supported proposals – on capitalization...

NASCUS’ Ito: Move forward on capitalization of interest rule

(April 23, 2021) Following the Thursday NCUA Board meeting, NASCUS President and CEO Lucy Ito echoed the comments the association filed earlier this year that the agency should move forward...

Capitalization of interest rule needs ‘expeditious’ decision, NASCUS writes

(Feb. 5, 2021) A proposed rule allowing credit unions to capitalize interest should be finalized “expeditiously,” NASCUS said in a comment letter to NCUA this week, noting its support for...

Proposal would remove ban on capitalization of interest

(Nov. 20, 2020) Prohibiting the authorization of additional advances to finance unpaid interest may be overly burdensome, the NCUA Board has reasoned, and it wants to remove that ban with...