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PORTLAND, Ore. - A federal jury has ordered one of the nation's three largest credit reporting agencies to pay a woman $5.3 million for confusing her credit history with that of another woman. An eight-member U.S. District Court jury in Portland found Trans Union willfully violated the law, enacted in...

ATHENS, Ohio - Credit unions in Ohio are moving ahead with a package of regulatory and legislative revisions to keep credit unions in the state growing. The Ohio Credit Union League is putting the finishing touches on a yearlong review of the state credit-union code to improve operations in a...

TORRANCE, Calif. - If anyone had suggested a few months ago when the SEC first announced it might not extend CUSOs' broker/dealer license exemption, that the agency's decision could actually prove to be an opportunity for credit unions, their opinion probably would have fallen on disbelieving ears. Though still in...

MADISON, Wis. - LeAnn Achtenberg, director of marketing and business development at Electrus FCU in Brooklyn Center, Minn. was named chairman of the National Youth Involvement Board at the organization's annual meeting held Aug. 1-3. Her term is for one-year, and she replaces John Uchida, president of Space Age FCU...

ALEXANDRIA, Va.-NCUA's Office of Public and Congressional Affairs has launched a public service announcement (PSA) campaign for national as well as regional audiences. The PSAs are expected to run August 1 through October 1. The effort was initiated by sending the PSAs to 28 Region II radio outlets and 107...

WASHINGTON-President George W. Bush announced his intent to nominate Wayne Abernathy, the Senate Banking Committee's minority staff director, to the position of Assistant Secretary for Financial Institutions at the Treasury Department filling the position Sheila Bair left earlier this summer. Abernathy is a long-time aide to Senator Phil Gramm. He...

WASHINGTON-In a recent letter to Senate Banking Committee Chairman Paul Sarbanes (D-Md.), CUNA expressed its support for the Predatory Lending Consumer Protection Act of 2002 (S. 2438). The purpose of the bill is to amend the Home Ownership Equity Protection Act (HOEPA) to address predatory lending practices. HOEPA sets disclosure...

MCLEAN, Va. - Internet banking/bill pay firm Online Resources Corp. has signed three reselling agreements with credit union vendors. The three firms it signed with are eCU Technologies, LLC, Southwest Business Corporation and United Datatronics, Inc. eCU Technologies is a tech CUSO of Pennsylvania State Employees CU. United Datatronics is...