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Kinecta Goes First with Compliance Solution

By Marc Rapport

The $3.5 billion Kinecta Federal Credit Union of Manhattan Beach, Calif., has become the first credit union user of a risk management and compliance software solution from Wolters Kluwer Financial Services of Minneapolis, the company said.

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State Senate Resolution Buoys N.Y. Public Fund Hopes

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Fed Issues Final Rules on Gift Cards

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Regulatory & Compliance Stories

March 24, 2010

CUNA and WOCCU Raise Concern About Remittance Provisions of Reg Bill

Provisions of a regulatory reform bill aimed at increasing disclosure requirements for financial institutions and other providers of wire transfer services violate the Uniform Commercial Code and could prevent credit unions from offering those services.

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March 24, 2010

Bernanke Says Interest Rates Will Remain Low

Low inflation and a sluggish economy are "likely to warrant exceptionally low levels of the federal funds rate for an extended period," Federal Reserve Chairman Ben S. Bernanke told the House Banking Committee today.

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March 24, 2010

Ohio CUs Push Ahead on Public Funds Bill

Ohio credit unions pressed their case with state lawmakers this week to pass an enabling bill on depositing public funds in CUs, an issue which continues to draw fierce opposition from the banking lobby.

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March 23, 2010

Student Lending May Become Crippled By Health Care Legislative Maneuvers

Though credit unions aren't directly involved in the health care debate, due to some parliamentary maneuvering they are likely to lose the ability to offer certain student loans.

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March 23, 2010

Washington Governor Signs New Public Funds Bill Into Law

Washington State credit unions have scored a legislative victory in 2010 by winning the right to accept public funds starting in July of next year.

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March 23, 2010

NCUA Proposes Stiffer Regs for Volunteers and Less RegFlex

ALEXANDRIA, Va. -- The NCUA Board issued three proposed regulations concerning board member indemnity and mutual savings bank conversions.

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March 23, 2010

Credit Unions Geared Up to Flex Their Political Muscles in 1990

Credit unions sowed the seeds for future political wins by planning a rally on the National Mall while President George H.W. Bush sowed the seeds for the demise of much of his support among conservatives by reversing his pledge not to raise taxes.

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