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CAMBRIDGE, Mass. - The financial services industry is the biggest consumer of information technology in North American business, and infrastructure spending is leading the way this year, according to a new study. Forrester Research Inc.'s survey of 874 North American executives (including 80 in the financial services field) found that...

WASHINGTON-At least one Democratic lawmaker is questioning the administration's efforts to dismantle terrorists' financial resources following September 11. Congressman John LaFalce (N.Y.), ranking member of the House Financial Services Committee, sent nearly identical letters to Committee Chairman Mike Oxley (R-Ohio) and Treasury Secretary Paul O'Neill asking if the administration is...

ALEXANDRIA, Va.- According to NCUA's monthly report on delegated activities, 19 CU mergers were approved for May with eight remaining federal charters and 11 continuing business as state chartered credit unions. The merged federal credit unions totaled almost $21 million in assets, while the state charters merged about $31 million...

RANCHO CUCAMONGA, Calif. - Credit Union Direct Lending's new Web site is up and running. Cudirect.com's redesigned site "gives it a fresh new look plus improved navigation for member auto buying information," the company said. Keven Ellison, vice president of marketing and communications at CU Direct Corp. said the company's...

EasCorp, Woburn, Mass., has announced that four Massachusetts credit union representatives ran the 106th Boston Marathon on behalf of patients at Children's Hospital Boston. As part of the yearlong fundraising efforts, many Massachusetts credit unions sponsor fundraising events to help raise funds for sick and injured children at the hospital....

ALEXANDRIA, Va.-NCUA Board Member Deborah Matz has hired Nancy Smith of the Department of Agriculture to be her executive assistant. Smith is an attorney by trade, but served as Deputy Director of the National Appeals Division at the department, where Matz formerly worked. Smith's appointment was approved within a week,...

Some things just never die. The subject of how well credit unions are serving low-income individuals, has more lives than an alley cat. It's back on the front burner. Why? Are Norm D'Amours and Yolanda Wheat lurking in the halls of NCUA? Looking at recent low-income related actions and pronouncements...

LYNCHBURG, Va. - David Miles, president/CEO of Virginia League Corporate FCU, is resigning effective July 31 to take a leadership position with the Virginia CU League. Miles, 42, joined the corporate in early 1997 just as NCUA's interlock restriction had separated the leagues and corporates. "What needed to happen at...