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SAN FRANCISCO - A coalition of consumer, labor and community reinvestment groups has written the Federal Reserve to ask that the regulator adopt some protections for workers who are paid with so-called payroll cards (See related story page 1). "Individuals are increasingly being asked to accept stored value cards to...

WEST PALM BEACH, Fla. - Is overdraft protection helping members or hurting them? While many debate that issue, the issue of regulating overdraft programs is also becoming a subject of debate. Some feel the time has come for financial regulators to rein in advertising on overdraft programs and tie an...

TALLAHASSEE, Fla. - Southeast Corporate's investment products and services aren't what they used to be, and that's a good thing. The corporate has revamped its investment operations over the last three years and is starting to really see the fruits of that effort. "The way I look at it is...

*insures approximately 4,400,000 policyholders; *about 48,000 properties currently insured under the program have experienced, within a 10-year period, two or more flood losses where each loss exceeds $1,000; *approximately 10,000 of these repetitive-loss properties have experienced either two or three losses that cumulatively exceed building value or four or more...

Royal Credit Union, Eau Claire, Wis., has named Brandon Riechers operations coordinator. Wisconsin Credit Union League, Pewaukee, has elected the following officers to its board: Carol Adler, chair; Daniel Ige, vice chair; Bonnie Raymakers, secretary; and Chris Rosland, treasurer. In addition, Robin Marohn has been elected board member-at-large

ATLANTA - CheckFree Corporation has closed on its acquisition of American Payment Systems, Inc., representing a major new bill pay channel for the company. APS enables seven million households to pay for services in-person through a national network of about 10,000 retail and agent locations. The new bill payment channel...

WASHINGTON - Consumer groups don't like it, but for now at least the Fed isn't going to regulate overdraft protection as a lending product and vendors that sell the service say that's good not only for their business and consumers, but credit unions too. If the Fed had moved to...

El Paso Employees Federal Credit Union, Texas, has awarded some $20,000 in scholarships to 10 graduating high school seniors and eight undergraduate students. Receiving $4,000 four-year scholarships each are: Laura Ashley Miller and Anthony Torres. Receiving $1,000 scholarships are: Johnna R. Crow, Vincent Castillo, Martha Ortega, America Aguilera, Reyes Mauricio,...