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WASHINGTON - The Securities and Exchange Commission recently filed an emergency enforcement action against ACE Payday Plus LLC, a start-up company purportedly offering "check cashing" and "payday advance" services. The SEC alleges that the company, its affiliates and its chief executive raised more than $800,000 from investors with promises of...

SILVER SPRING, Md., and WASHINGTON - A three-year study on the change in consumer financial behavior after receiving credit counseling services finds that credit counseling has a major positive effect on consumer credit usage and payment behavior. Conducted by Georgetown University Credit Research Center and Lunquist Consulting, the study, "The...

OMAHA, Neb. - Metro Health Services Federal Credit Union here considers itself lucky to have University of Nebraska football star Eric Crouch as one of its members. As it turned out, Crouch won the coveted 2001 Heisman Trophy last December as the top college player, and so the CU asked...

Indiana Members Credit Union, Indianapolis, Assistant Vice President Carolyn Cochran has retired after 32 years of service managing the accounting department. Known for her quiet determination and hard work, Cochran helped the credit union grow from $1 million in assets to over $645 million. Macomb Schools and Government Credit Union,...

DES MOINES, Iowa - It looks like the ATM surcharge rules in Iowa are permanently changed. According to Iowa Solicitor General Dennis Johnson, the state's attorney general's office has no plans to appeal the recent ruling which gives national banks the right to collect ATM surcharges. The Iowa Credit Union...

RANCHO CUCAMONGA, Calif. - Steve Renock is packing up the moving cartons again and moving back West. Almost four years after he and his family moved from Southern California to Madison, Wis. after CU Mortgage, which Renock was president/CEO of, merged with CUNA Mutual Mortgage, Renock is retracing his steps...

WASHINGTON-The Senate Banking Committee has voted in favor of NCUA Board nominees JoAnn Johnson and Deborah Matz and opened the door to a full Senate vote. The vote was originally scheduled for two weeks ago, but the committee failed to establish a quorum. The committee also failed to have a...

Kitsap Community Federal Credit Union, Bremerton, Wash., has named Paula Pack support services manager. LBS Financial Credit Union, Long Beach, Calif., has appointed Jeffrey A. Napper President/CEO. Alaska USA Federal Credit Union, Anchorage, has named Tony Anson, Russ Carlson and Krista Jessen Alaska USA Mortgage Company loan originators. In addition,...