News

Visa USA has introduced three new Web-based allowance calculators designed to help parents get a better grip on their kids' spending habits while simultaneously giving their children a solid money management foundation.

Sovereign Bank has launched new online Health Savings Account Learning Tools for health insurance brokers, employers and employees.

Dover N.J. Spanish American Federal Credit Union agreed to a cease and desist order from NCUA for "substantial Bank Secrecy Act compliance problems," NCUA recently announced.

- Open Solutions Inc., a leading provider of integrated enabling technologies recently joined New Jersey-based Information Strategies Inc., to co-host an event for financial institutions on Health Savings Accounts in Washington, D.C.

Federal bank and thrift regulators recently requested public comment on proposed interim rules expanding the range of small institutions eligible for an extended 18-month on-site examination cycle.

A strong performance in 2006 from CUSO Financial Services, LP led the CUSO to distribute $4 million of its $6 million 2006 net income to its credit union limited partners.