News

WASHINGTON -- Retailers are trumpeting another U.S. Senator who has decided to sponsor the so called Credit Card Fair Fee Act of 2008 in the Senate. The newest sponsor is Senator Christopher "Kit" Bond (R-Mo). Bond is the first Republican co-sponsor for the measure in the Senate.

LAS VEGAS -- Marking a new approach to joint conferencing, two credit union CUSOs, Credit Union Direct Lending Corp. and Prime Alliance Solutions, announced plans Wednesday for a combined auto lending/mortgage symposium in 2009.

HARRISBURG, PA -- The Pennsylvania Supreme Court has upheld a lower court ruling that effectively narrowed a banker attack on two credit union conversions to community charters from 2005.

VISTA, Calif. -- Bluepoint Solutions has created a new onsite client service offering and appointed a veteran of the credit union space to head it up.

SAN ANTONIO -- For her work in building the business department at $4.6 billion Security Service Federal Credit Union, Yvonne Fernandez, assistant vice president of commercial services, recently received the financial services champion of the year award from the South-West Texas Border Small Business Development Center Network.

PLANO, Texas -- The Fed is likely to raise key short term interest rates by election time, said economist Jeff Thredgold, who will present at Southwest Corporate's 31st Economic Forum October 28 and 29.

WASHINGTON -- Between 2003 and 2006, the rates of return for defined benefit pension plans outpaced those for employee-directed 401(k) plans, according a report released today from Watson Wyatt Worldwide, a consulting firm.

AUSTIN, Texas -- Teres Solutions and Allied Solutions have partnered on an integrated insurance and lending offering for credit unions and other financial institutions.