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Looking back 11 years ago finds NCUA deferring to criticism and complaints from credit unions regarding a proposed member business lending regulation. More than 400 comment letters "overwhelmingly against" the regulation proposed in January were received. CUNA had already adopted policy opposing many provisions of the rule. Given the controversy...

WASHINGTON-Credit union lobbyists are not giving regulatory relief legislation much more than a snowball's chance in heck of getting very far through congressional machinations this year. CUNA Vice President and Senior Legislative Counsel Gary Kohn commented that he "would not argue" with a prediction that the bill, the brainchild of...

Langley Federal Credit Union, Hampton, Va., has recently received both first and second place honors in the Virginia Credit Union League's "Maximum Marketing" awards competition. The competition recognizes credit unions that demonstrate a strategic approach to marketing. LFCU placed first in the $100 million asset category for its redesigned Web...

MONTEREY, Calif. - It was billed as "the Great Debate" - pitting two economists, one an outspoken critic of the credit union industry from the American Bankers Association, the other a strong credit union industry advocate - but in the end, it was pretty much the same old, same old....

MEMPHIS, Tenn. -Concord EFS, Inc., a financial services processor and operator of the STAR debit network, will join forces with Travelers Express/MoneyGram to offer a person-to-person money transfer service via the STAR network. The new service will allow STAR cardholders to send transactions at participating ATMs, and will allow recipients...

Unfolding details involving the likes of Enron, Global Crossing, and Andersen are making headlines on a daily basis. No wonder that the subject of possible and actual conflicts of interest and management and governance malfeasance is top of mind throughout every industry these days. As a close observer of the...

BALTIMORE-Banks can use technology to provide services to low-income Americans in a cost-effective manner, Comptroller of the Currency John Hawke told a group of bankers at a community development conference cosponsored by the OCC and the American Bankers Association. "The military refers to technology as a `force multiplier'-a means to...

WASHINGTON-Several top CUNA executives met with Assistant Secretary of the Treasury for Financial Institutions Sheila Bair last week to discuss developing credit union issues. CUNA Associate General Counsel Mary Dunn, who attended the meeting, told reporters that credit union involvement in Treasury's First Accounts initiative, which aims at helping financial...