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The Fed’s ELE Tool for CECL: What It Is and Isn’t

Abrigo

And while regulators said some institutions would find the ELE tool useful for CECL, they acknowledged it did not represent a preferred method of regulators or a “safe harbor” method for GAAP compliance. Are you using national data or local? CECL Regulation. CECL Regulation. keep me informed. CECL Accounting.

Tools 195
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Easy Ways BSA Officers Can Get Their Required Training

Abrigo

Training is especially important for the BSA officer, who “is expected to be fully knowledgeable about the BSA and all related regulations,” as a recent Federal Reserve Bank of Minneapolis publication noted. These are usually less expensive, shorter, and involve less extensive travel than the larger national conferences.

Training 150
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Education: By Popular Demand

Independent Banker

These in-depth and timely professional development programs are designed exclusively for community bankers and led by nationally recognized industry experts who know the issues community banks grapple with. Many have been bankers themselves and sometimes industry regulators or attorneys. 8–12 in Minneapolis. 4–7 in Minneapolis.

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Should Las Vegas Casinos Bet On The Tourists Returning?

PYMNTS

Las Vegas casinos shut their doors in mid-March in response to the COVID-19 pandemic, sending Nevada’s unemployment rate to a worst-in-the-nation 28.2 “When people look at our industry here, [they don’t realize] it is very highly regulated,” Flynn told NPR. percent (nearly twice the U.S. “We are rule followers.

Las Vegas 141
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Bitcoin Tracker: Up, Up And Away?

PYMNTS

and Minneapolis. “By In the international market, the past few weeks have also seen a number of propositions and efforts by various global governments, financial regulatory bodies and other organizations to work toward bitcoin regulation. We hope to double that this year.”. Possibly even a couple of other continents by 2018.

Bitcoin 194
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The Fed On Bitcoin: Much Ado About Nothing

PYMNTS

The story has included the digital currency’s price plunging over the last month, as well as a wave of regulators – from Seoul to Singapore to Beijing to Berlin – who have suddenly realized that perhaps cryptocurrency in general needs a long, hard look. The president of the Minneapolis Fed, on the other hand, doesn’t wonder at all.

Bitcoin 102
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Claim: Racial Disparities Rampant in Three Midwest Metro Areas

American Banker

Louis, Milwaukee and Minneapolis metropolitan areas, the National Community Reinvestment Coalition said. Mortgage originators aren't lending enough to people of color or the poor in the St.