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BOSTON - What started out as charges of improper trading against Putnam Investments by regulators, quickly spiraled to at least a dozen states pulling billions of dollars in pension funds from the embattled firm to the chief executive stepping down as the scrutiny mounted. In the wake of it all,...

WASHINGTON-Though the credit union industry appears to be running smoothly and the financial condition strong, NCUA should make some changes to its oversight programs, according to a new 183-page report from the U.S. General Accounting Office. Time has been good to credit unions, GAO found. The government watchdog has not...

WASHINGTON - The board of directors of the Women's Mortgage Industry Network (WMIN), a national organization made up of leading women from several of the largest mortgage companies in the U.S., has released an action plan to address the substantial gap in the homeownership rate of single women with children...

WASHINGTON - Sen. Tim Johnson (D-South Dakota) introduced on Oct. 30 his Native American Housing Enhancement Act of 2003 (NAHEA), a five-pronged bill to foster housing development in Indian Country. "We must continue to break down barriers to homeownership and housing development in Indian areas, creating the sort of economic...

I would like to provide a bit of clarification to David Morrison's Oct 29, 2003 story on the National Credit Union Foundation, "NCUF Getting Out of the Grant Business, Letting State Arms Take Over." While our board has decided on a new grantmaking strategy for 2004, as accurately reflected in...

MINNEAPOLIS - Elan Financial Services, a subsidiary of U.S. Bancorp, announced that it has merged its different ATM Networks in different parts of the country into a single network. The new national network, which will continue to be called Fastbank, has 7,000 machines in 47 states. The network has a...

Dan Mica, CUNA's very successful and highly respected CEO and President, has set many lofty personal goals in his ongoing efforts to make the industry's largest trade group a "world class trade association." He has made a remarkably high percentage of his goals. There is little comparison between CUNA pre-Mica...

MADISON, Wis. - Mark Chatfield, senior vice president and chief marketing officer of the Texas Credit Union League was elected for a one-year term to a new ex-officio position representing the league service corporate executives on the CUNA Strategic Services Inc. (CSSI) Board. The ex-officio position was created at the...