News

GRAND RAPIDS, Mich. - CU*Answers has a nice problem to have.

NEW YORK -- The practice of credit card affinity market and agent issuing with colleges and universities has begun to come under scrutiny in the current economic crisis, according to a story in the New York Times.

CHICAGO -- The Illinois Attorney General has alleged that seven individuals working at a Wal-Mart in Crestwood Illinois have been involved in fraudulent card scheme involving stealing credit card numbers and then encoding them onto gift cards.

WASHINGTON -- Floods and hurricanes kept the Small Business Administration very busy in 2008 with the agency approving more than 20,100 disaster relief loans worth $1 billion.

WARRENVILLE, Ill. - Primary Financial's expansion of its SimpliCD product could be the biggest thing to hit credit union business development efforts since HR 1151, according to Mike Lee, President of Member United Corporate FCU's Midwest region.

PLANO, Texas -- According to Rodney Anderson, the country's fourth highest producing originator of mortgage loans and the highest producing originator of FHA and VA loans, this month's new mortgage activity is already double December 2007's numbers.

HARRISBURG, Pa. - The days of no-doc mortgages are running short in the state of Pennsylvania.

NEW YORK -- The trustee overseeing the liquidation of Bernard Madoff Investment Securities LLC will receive $28 million from a Bank of New York Mellon Corp. account to help cover related expenses.