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WASHINGTON-The House Financial Services Committee passed H.R. 1408, the Financial Services Antifraud Network Act, introduced by freshman Congressman Mike Rogers (R-Mich.). The legislation aims at creating an antifraud network between the nation's more than 250 financial regulators to share information in hopes of better preventing financial fraud schemes. The bill...

WASHINGTON-CUNA Associate General Counsel Mary Dunn testified before the Internal Revenue Service (IRS) in opposition to its proposal on reporting of deposit interest paid to nonresident aliens. Dunn was the only credit union representative to testify. "We don't know how horrendous this is going to be," Dunn told Credit Union...

Columbia Credit Union, Vancouver, Wash., has named Lisa D. Peake and Craig A. Knipe registered representatives with Financial Network Investment Corporation. In addition, CCU has promoted Michael Florea to assistant vice president of information and technology services. Utah League of Credit Unions, Salt Lake City, has appointed the following officers...

MEMPHIS, Tenn. - It's inevitable that CU processors will eventually begin moving away from the old mini-computer systems and to a Windows-server approach, says Darryl Tanner, President/CEO of CU core processor Share One here. "We've done it. We're moving from our VMS on DEC equipment to 2000 servers," said Tanner....

AMES, IOWA - A growing membership base, a new regional development plan and a community charter have reordered priorities for one of Iowa's largest credit unions. ISU Community Credit Union had planned to remodel its existing downtown office this year and open a full-service branch next year. But a burst...

COLUMBIA, S.C. - Ron Daly has a lot of confidence in the future of electronic statements. Enough that he gave up his executive-level job to create a company specializing in the new service, which has gotten a boost in the year or so since federal regulators decided to allow credit...

ALBUQUERQUE, N.M. - It may be a question of perception, but there's diverse opinion lately about the progress of CUNA's marketing campaign for national branding. On one hand, Peter Crear, CUNA's executive vice president and chief operating officer, told New Mexico credit union executives he's disappointed with the number of...

WASHINGTON - The number of reported identity theft is on the rise. According to a semi-annual report, Suspicious Activity Report Activity Review-Trends, Tips and Issues, issued jointly by regulators and financial services trade associations, in 2000 between January and November 657 reports were filed citing identity theft, compared to only...