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LONDON, U.K. - The English Department of Trade and Industry (DTI) is tackling the loan shark problem by modernizing the Consumer Credit Act of 1974. As the European Union also looks at ways to deal with the same problem, the Association of British Credit Unions Ltd. (ABCUL) says the strategy...

WASHINGTON-The long-awaited bankruptcy conference is expected to begin November 14, according to credit union lobbyists. It was originally scheduled for September 12 and rescheduled for the November 12, after the September 11 attacks, but delayed again. The bill has moved slowly but steadily through Congress this session and was most...

ALEXANDRIA, Va.-NCUA Chairman Dennis Dollar traveled to New York City Tuesday, November 6 to meet with New York state credit union regulators, leaders of two New York City credit unions impacted by the September 11 events, and visit the site of the former World Trade Center. "These credit unions have...

TALLAHASSEE, Fla. - The old days of a corporate having a guaranteed captive CU audience in the region it serves are over. With most state-chartered corporates having national FOMs and with an increasing number of federal-chartered corporates moving to them, corporate CU competition has gone national. Corporate leaders will point...

NEW YORK - FISI-Madison President Dan Tarantin has been named the company's new CEO, replacing Ken Keith, who served as CEO since 1996. Tarantin will be doing doubled duty, as he was also named CEO of Benefit Consultants. The moves were announced by Cendant Corp., parent company of FISI-Madison and...

INDIANAPOLIS - More and more tech-savvy CUs are leveraging their considerable in-house tech talent to create tech CUSOs. FORUM Credit Union has done just that, and is really starting to roll. In September of last year the CU formed FORUM Solutions. The CUSO has grown to include seven full-time employees...

MADISON, Wis. - If there were any lingering doubts the U.S. was going through a recession, they were dispelled by some of the latest economic statistics such as those released by the National Association of Purchasing Management which showed its non-manufacturing business activity index fell to its lowest point in...

PLANO, Texas -Aurum Technology Inc. is burning up the acquisition path this year. The company, which started to dedicate more marketing efforts on the CU industry last year, has acquired Orlando, Fla.-based Data Dimensions, Inc., a software provider to financials. It currently provides core data processing to 23 banks. The...