News

While credit union liquidity is "tight by historical standards," it is still within safe and sound levels, CUNA reported in its September Monthly Credit Union Estimates for the month of July.

Cardtronics, the largest independent deployer of ATMs in the country and the parent firm of the Allpoint ATM network, has filed paper with the Securities and Exchange Commission indicating that it will make an initial public offering of stock.

The deadline to bring documents into compliance with the final nonqualified deferred compensation regulations under section 409A of the Internal Revenue Code has been extended to Dec. 31, 2008, the Treasury Department and Internal Revenue Service announced on Sept. 10.

Community banks and credit unions that use technology as part of their Bank Secrecy Act and anti-money laundering programs are much more confident in their compliance with BSA requirements than those financial institutions that rely on more manual approaches, according to a recent survey conducted by Wolters Kluwer Financial Services.

A consumer coalition made up of groups like the Americans for Fairness in Lending, California Reinvestment Coalition, Consumer Federation of America, Consumers Union, and the Service Employees International Union decry Bank of America's recent decision to hike its ATM fees.

A compromise between the firm set to purchase First Data Corp. and the banks that are committed to financing the sale appears to have paved the way for it going forward.