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AICPA Certifies Harland Clarke

By Peter Westerman

SAN ANTONIO -- Harland Clarke Corp. has received three AICPA SAS-70 Type II audits. The audits verify that adequate controls and safeguards are in place for service organizations that have access to and process shareholder, client and customer data.

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CU Draws Praise for Mortgage Effort

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CU Draws Praise for Mortgage Effort

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March 21, 2008

Fannie Mae Makes Adjustments in Declining Markets

DALLAS -- Fannie Mae Senior Risk Manager Nathan Myres told credit union mortgage officials listening to a Webinar sponsored by CU Members Mortgage here yesterday that Fannie Mae was reasserting an older policy on restricting maximum loan-to-value ratios in declining markets.

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March 21, 2008

Fannie Mae Makes Adjustments in Declining Markets

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March 20, 2008

OFHEO Loosens Fannie Mae & Freddie Mac Reserve Cushion, Freeing $300 Billion

WASHINGTON -- In an effort targeted at pumping liquidity into the credit system, the federal regulator for Fannie Mae and Freddie Mac, the Office of Federal Housing Enterprise Oversight yesterday reduced the capital they are required to hold against losses.

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March 20, 2008

Kansas FOM Bill Passes Senate, 35-2, Heads to House

TOPEKA, Kan. -- Apparently on a fast track and with banker-backing, the Kansas field of membership bill, which would impose limits on statewide branching, passed the state Senate 35-2 Wednesday.

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March 20, 2008

Frank Proposes Broad Financial Regulator, Change in Capital Rules

WASHINGTON -- Congressman Barney Frank (D-Mass), Chairman of the House Financial Services Committee today proposed sweeping changes to the way the Federal Government regulates the financial services sector.

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March 20, 2008

Maine Credit Unions Bracing for Potential Card Fraud

PORTLAND, Maine -- Maine credit unions are warning that a breach at a retail food chain popular in New England has the potential to bring them more card fraud than did the massive breach at the TJX retailer.

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March 20, 2008