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WASHINGTON - Consumers borrowing from credit unions for new car loans stand to save big bucks over the life of the loan than if they borrowed money from a bank or thrift, says the latest findings of a Bankrate monthly survey. According to the August survey, banks and credit unions...

Any one involved with credit unions knows that one of the favorite activities of the banking industry is to crab long, loud, and consistently about credit unions. Every move by an individual credit union (new product, service, marketing campaign, facility, etc.), or a CU regulator (changes in CU membership qualifications,...

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AUSTIN, Texas - Gov. Rick Perry has appointed James Burnett, a partner with the law office of Burnett, Trahan & Johnson, LLP, to the Texas Credit Union Commission, pending Senate confirmation. Burnett's appointment expires Feb. 15, 2007. The nine-member commission supervises the Texas Credit Union Department which oversees and regulates...

ST. PETERSBERG, Fla. - Payment Systems for Credit Unions, Inc., which is owned by more than 500 credit unions, has signed a five-year contract extension with Omaha, Nebraska-based First Data Resources. "First Data's economies of scale, advanced technology and expertise allow us to help our credit unions nationwide successfully manage...

SACRAMENTO, Calif. - Legislators and Gov. Gray Davis' office continued to spar last week over provisions of a heavily lobbied privacy bill with both sides claiming their proposal would best protect consumers. With the Legislature scheduled to adjourn for the year on Sept. 14, it was unclear whether the bill...

WASHINGTON - Former NCUA Public Information Officers hosted a luncheon honoring recently retired Public & Congressional Affairs (PACA) Director Robert E. Loftus and welcoming new PACA Director Clifford R. Northup. Shown here (from left) are Northup, Loftus, Joan Pinkerton-Filson, currently Press Officer for the National Association for Business Economics and...

ALEXANDRIA, Va.-NCUA issued a regulatory alert to credit unions regarding the Federal Trade Commission's (FTC's) revised ruling on obtaining consumer credit reports in relation to business loans. The new interpretation, under the Fair Credit Reporting Act (FCRA), affects credit unions providing credit to someone for business purposes or to a...