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Calling it a "special case situation," Senate Majority Whip Richard Durbin said he would work to find a way to exempt state government-issued debit cards used to distribute benefits from his amendments.

Accounts of up to $250,000 at credit unions and banks would be permanently insured beyond the current expiration date of 2013, as a result of an amendment approved late yesterday by the House-Senate conference committee on regulatory overhaul.

IMN has named a new executive in charge of leading business and partnership development for its Credit Union On and Banking On hosted e-communications solutions.

Fiserv Inc. and Xtend Inc. have joined the list of vendors offering credit unions help in meeting the federal Regulation E opt-in deadline of July 1.

One of the reasons savings may have slowed at credit unions is because members are still more apt to pay down their high-cost debt first.

An ad depicting a duck with a cigar in its mouth takes aim at credit unions' tax exempt status due to widespread credit union opposition of an amendment that would give the Fed the power to regulate interchange fees.