News

Fair Isaac Corporation said that a recent study has found that its FICO Expansion alternative credit score tool can help lenders judge the credit worthiness of applicants who have no other credit history.

As the American Bankers Association recently asked for more time to comment on Basel II beyond the Jan. 23, 2007 deadline, the corporate credit union version of risk-based capital is stalled.

The Securities and Exchange Commission has filed fraud charges against the head of several San Francisco-based hedge funds, accusing him of misappropriating millions of dollars from investors nationwide, including senior citizens.

At its open board meeting last week, the FDIC approved the creation of an Advisory Committee on Economic Inclusion.

Bank of America's merger with MBNA has been drawing consumer ire because of technical problems related to the merging of their operating systems, according to an article on the ConsumerAffairs.com Web site. ConsumerAffairs.com is an independent consumer Web site. An article posted on the site on Nov. 8, Bank of...

NCR Corporation, one of the leading manufacturers of ATMs, has developed an innovation in printing which the company said will be attractive to credit unions as they begin to move forward with imaging checks at the ATM. The innovation is a two-sided thermal printing process, which the company said would...