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PURCHASE, N.Y. - MasterCard International has changed the procedures it uses to set its interchange rates as part of a package of changes industry watchers say could help the brand situate itself for coming shifts in the credit card industry. The brand's interchange procedure change is small but potentially far...

WASHINGTON - America's Community Bankers has voiced its opposition to an NCUA proposal that aims to make SBA guaranteed loans under the SBA's "less restrictive" lending requirements instead of under the NCUA's lending requirements. In an Aug. 25 letter to NCUA Secretary Becky Becker, Charlotte Bahin, ACB's senior vice president,...

WASHINGTON - In the fashion of Brig. Gen. Anthony C. McAuliffe, the 101st Airborne Division surrounded by the Germans at Bastogne, American Bankers Association Senior Economist Keith Leggett had just one word in response to CUNA President and CEO Dan Mica's letter last month: "Nuts!" Mica previously wrote the CEOs...

TAMPA, Fla. - It's been two weeks since Hurricane Charley slammed into southwest Florida, sparing the Tampa-St. Petersburg metropolitan area where forecasters originally thought the category four hurricane would make land fall, but eventually touching down and wreaking devastation in Port Charlotte and communities in Punta Gorda and Fort Myers...

SAN DIEGO - California Coast Credit Union and other local credit unions are urging members and staffers alike to donate blood to honor the memory of 9/11 victims. The second annual San Diego Blood Bank's 11 Days of Remembrance blood drive will run from September 1 -11. Last year's efforts...

ALEXANDRIA, Va. - Credit unions must adhere to using a person with at least two years of direct experience with the type of business loans they will make, NCUA recently wrote. In a Aug. 9 opinion letter, NCUA Associate General Counsel Sheila Albin addressed Centennial Lending, LLC's clarification if a...

WINSTON-SALEM, N.C. - Allegacy FCU has joined the growing ranks of credit unions with $1 billion or more in assets. Chartered in 1967 by R.J. Reynolds Tobacco Company, Allegacy has more than 92,000 members and its field-of-membership includes more than 400 sponsor companies and organizations such as R.J. Reynolds Tobacco...

MADISON, Wis. - Credit union board members generally have a confident level of satisfaction about their role but some areas need a little more work. This, according to a new study from the Filene Research Institute, Enhancing Board Satisfaction at Credit Unions, which explored the perceptions of directors and CEOs...