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WASHINGTON-At NAFCU's Congressional Caucus last week, Senator Mike Crapo (R-Idaho) said he was possibly interested in introducing broader regulatory relief than what the House-passed bill offers. The House's Financial Services Regulatory Relief Act (H.R. 1375) deals primarily with what he called "charter issues." Crapo said, "When I picked up the...

WASHINGTON - The Small Business Administration is looking to further expand its relationship with credit unions, according to SBA Deputy Administrator Melanie Sabelhaus speaking to NAFCU's Congressional Caucus last week. There are 25 million small business owners, she stated. More than 10 million are women and 51% of all employees...

WASHINGTON-Senate Banking Committee Member Jack Reed (D-R.I.) told attendees of NAFCU's Congressional Caucus last week that he favored greater private insurance disclosures. Reed explained that he experienced what happened first hand with the Rhode Island insurance debacle and stated, "We don't want to see that happen again." He said that...

SYRACUSE, N.Y. - Empire FCU has become the 80th credit union overall, and the first in the Empire State, to pick MortgageClick for its online mortgage lending technology. The $290 million CU in Syracuse will be using the Prime Alliance platform, a system that combines Fannie Mae's Desktop Underwriter computerized...

ALEXANDRIA, Va.-Housing and Urban Development Secretary Alphonso Jackson is slated to deliver the keynote address during NCUA's Oct. 14 Access Across America Economic Empowerment Summit. NCUA has invited credit union officials and volunteers from Florida, Alabama, Georgia and Mississippi to the summit at the Hyatt Regency Tampa. "We are extremely...

CUNA was the target of one of Andy Rooney's signature abusive monologues. Page 6

WASHINGTON-The House Financial Services Committee voted to approve its 9/11 Commission legislation (H.R. 10) Sept. 29. Language creating a one-year cooling off period for examiners before they go to work at the institutions they examined was inserted into the bill, according to NCUA Director of Congressional and Governmental Affairs Cliff...

EAST LANSING, Mich. - Former NCUA Chairman Dennis Dollar will be one of the keynote presenters at the Wachovia Securities Credit Union Investment School. In its 12th year, the investment school is available to those looking to discover how restructuring with the right strategy can make a difference in yield...