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DALTON, Ga. - Georgia Federal Credit Union's Dalton branch goes to the head of the class for innovation in promoting its home equity and other consumer loans. Staffers played up a graduation theme by sporting graduation caps and gowns while handing out "diplomas" imprinted with GFCU's home equity and car...

ST. LOUIS - Results from a recent survey conducted by pollster Maritz Inc. show the largest proportion of U.S. consumers believe that shareholders benefit most from bank mergers while bank employees benefit the least. When asked to rate how each of several groups were impacted by bank mergers, 65% of...

PURCHASE, N.Y. - MasterCard International says that 1.5 million merchant locations across the U.S. accept its debit card for transactions in which a cardholder validates their purchase with a personal identification number. The number two card brand called the number "unsurpassed." Five million merchant locations around the U.S. accept the...

NEW YORK - The U.S Patent & Trademark Office has seen an increase in the number of financial planners that have applied for patents to protect their ideas and strategies. Patenting financial planning strategies are grouped in the business-method patents category and became popular after a 1998 federal appeals court...

WASHINGTON - In a joint letter to House Ways and Means Committee Chairman Bill Thomas (R-Calif.), the American Bankers Association and America's Community Bankers have asked that federal credit unions' exemption from filing a Form 990 with the Internal Revenue Service be revoked. Credit unions presently do not have to...

WASHINGTON-As a number of credit union economists had predicted, the Federal Open Market Committee raised the federal funds rate target by a quarter of a percent to 1.25%. "The Committee believes that, even after this action, the stance of monetary policy remains accommodative and, coupled with robust underlying growth in...

CHICAGO - A steady increase in the number of African-American investors owning stock has reached record levels, according to a recent survey from Ariel, a money management company and stock brokerage Charles Schwab. In 2003, 61% of African-American households with incomes over $50,000 owned stock. In 2002, that figure was...

ALEXANDRIA, Va. - Corporates have been asking for it, and they got it - guidance from NCUA on complying with the Bank Secrecy Act. The main point of confusion for corporates was how can they report on what individuals do in terms of suspicious wire transfers under BSA, when the...