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WASHINGTON - Despite lowered interest rates, home purchase loans and refinances decreased 7.8% for the week ended June 15, compared with the previous week, according to the Mortgage Bankers Association of America's weekly survey. The MBA Purchase Index decreased to 324.2 from 342.9 from the previous week, while the Refinance...

WASHINGTON- With privacy notices becoming mandatory July 1, many consumer groups and at least one lawmaker are bringing their concerns to light about the financial services industry's privacy notices. The privacy notices are required under Title V of the Gramm-Leach-Bliley, which was signed into law in 1999. Congressman John LaFalce...

Freddie Mac has the program - "Don't Borrow Trouble," and it has the message for consumers - "call a 1-800 number for local government and non-profit agencies to help them understand and resolve specific lending problems." Now it needs a messenger. That's where credit unions and leagues come in. The...

MADISON, Wis. - It is that time of year again when nominations are being accepted for the 14th Annual Herb Wegner Memorial Awards, which recognizes individual, organizational and lifetime achievement by credit unionists dedicated to the National Credit Union Foundation's mission of promoting consumer financial independence. Established in 1988, the...

WASHINGTON - With the latest rate cut, the federal funds rate stands at 3.75%, the lowest it has been since 1994. This time it was only a quarter point cut, a departure from the recent string of half-point cuts. Big banks almost immediately slashed their prime rates from 7% to...

SAINT LOUIS - Biometric Digest newsletter has introduced its Biometric Information Directory (BID). The directory lists more than 330 biometric vendors, integrators, consultants, trade associations, publications and more. It also contains a list of more than 40 publicly held companies offering a range of biometric products and services. Over 35...

One of the most popular spots during CUNA Mutual Group's Discovery Conference was undoubtedly the Tech lab. The Lab was designed to be hands-on and to give attendees a flavor for all of CUNA Mutual's online offerings. Attendees could give a demo a spin or get one-on-one support from Tech...

Affinity Federal Credit Union, Bedminster, N.J. has promoted Donna M. LoStocco to vice president of member development/political affairs and Lisa Lombardo to assistant vice president of operations.