News

SACRAMENTO, Calif. - Whether or not California will become the second state to bar predatory lending will depend on how the state Senate Banking Committee votes on a measure authored by Assembly Member Carole Migden (D-13). A.B. 489 would ban a set of the most egregious predatory lending practices for...

AUSTIN, Texas - After five years of working with the Texas Credit Union Division, Linette Poole, deputy commissioner has left to pursue an advanced degree in accounting. Poole's official last day was Aug. 31. Commissioner Harold Feeney said there are now 26 people working in his office, including 18 examiners....

DALLAS and CARMEL, Ind. - When leaders of FLS Services and Eldredge Corporations announced the companies were merging to form Allied Solutions early this year, they billed the deal as a way to gain economies of scale to compete with insurance powerhouse CUNA Mutual. So far, according to Allied Solutions...

From online investing and account aggregation to firewalls and the pending release of Windows XP, the special report on pages 16-30 provides in-depth coverage of these emerging tech issues.

WEST PALM BEACH, Fla. - Covering aggregation firms for a few years now I decided to put their convenience claims of a "one-view snapshot" of my financial life to the test. As an avid user of online financial services, including online banking and bill pay at my credit union (IBM...

PARIS - In his relentless effort to help the have-less of the world, Arthur Arnold, CEO of the World Council of Credit Unions (WOCCU), opened the Fifth International Leadership Conference in the City of Lights. The conference was titled "A World Without Borders." There are now 6 billion "have-less" in...

REDMOND, Wash. - Security of electronic documents is on the minds of CU leaders everywhere. Recently, NetUPDATE, Inc., a software and services provider for the financial services sector, has acquired Seattle-based DocuTouch Corporation, a leader in document management and digital signatures. With the DocuTouch addition, NetUPDATE will support the ability...

NEW YORK - As the Fed is leaning toward "traditional e-mail" for financials to use in communicating with members/customers, a recently-released American Banker survey showed bank e-mail responses are usually too generic, or too late. In an admittedly informal survey, an American Banker reporter sent this basic question, "Do your...