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ARLINGTON, Va. - As a key deadline passes for having a new security technology up and running in their ATMs and EFT switches, a significant number of credit unions and EFT networks have found it difficult to meet the new standards on time. Instead they have had to ask MasterCard,...

COSTA MESA, Calif. - Experian, a business solutions provider, and Malibu-based CardCops.com, an organization that monitors the Internet for compromised credit cards, have joined forces to help credit card issuers fight fraud. Here is how it works, CardCops monitors the Internet daily to detect whether any credit cards issued by...

WEST PALM BEACH, Fla. - As robberies seem to be on the rise, more credit unions are responding by exploring physical barriers. Whether by "takeover", where the credit union is taken hostage by fully armed gunmen or "note jobs", where a robber passes a note to a teller demanding funds,...

AUSTIN, Texas -The Texas Senate has unanimously approved legislation that would place an alert on stolen credit information and freeze an account for an $8 fee. Senate Bill 473, by Sen. Rodney Ellis (D-Houston) would address the growing crisis of identity theft in the state. After receiving a request from...

SALT LAKE CITY - The banker-friendly leadership of the Utah Legislature has picked the author of the state's tough new law restricting credit union business lending, Rep. Jeff Alexander, as co-chairman of the new Financial Institutions Task Force to study CU taxation. Alexander, a Provo Republican and the House Majority...

FORT WORTH, Texas -State National Companies has recently acquired Alabama-based insurance provider Angel & Lee's book of collateral protection insurance business. Angel & Lee will retain its Birmingham offices, with no changes in staff or management of its 22 Alabama and Florida credit union accounts. Plans are underway for State...

PORTLAND, Ore. - Three credit unions, based in Rhode Island, Washington and West Virginia, have sold their credit card portfolios, according to AssetExchange, the Portland-based broker of credit card portfolios. The three were $114 million Westerly Community Credit Union, in Westerly, Rhode Island; the $70 million Northwest Plus Credit Union,...

WASHINGTON-By a vote of 411-11, the House overwhelmingly passed the Federal Deposit Insurance Reform Act (H.R. 522) last week. "Federal deposit insurance has been a hallmark of our nation's banking system for almost 70 years," Financial Institutions and Consumer Credit Subcommittee Chairman Spencer Bachus (R-Ala.), who sponsored the bill, said....