Search Results

Identity manipulation and improved technology are causing an increase in check fraud incidents, despite a decline in the total number of checks written. A Federal Reserve release estimates consumers wrote 42.5 billion checks in 2000 for a total value of $39.3 trillion. This represents a sharp decline from the 49.5...

WASHINGTON - Arguing that Missouri banks "suffer no unfair competition from credit unions" and that banks do not have standing, as has already been determined by two courts, to sue the regulator over field-of-membership rules and decisions, CUNA has stepped in to the Missouri dispute between credit unions and banks...

ALEXANDRIA, Va.-NCUA Vice Chair JoAnn Johnson has the right connections and politics to be the next chair of the regulatory board, according to an NCUA source. Aside from knowing President George W. Bush personally, Johnson has other connections that should help her obtain the seat, the source said. She has...

RIVERSIDE, Calif. -In a fraud fight, offense is just as important as defense, says Riverside County's Credit Union Security Officer/Investigator Kathy Roney. Setting aside maybe 10-15% of its security budget for resources, the $450-million credit union boasts a high prosecution and conviction rate on fraud attempts and a low near-zero...

In his March 12th column, "NAFCU Attack on Private Insurance Bad Timing," Mike Welch wrote that NAFCU is doing the movement a disservice by publicly announcing their position that all credit unions should be required to be federally insured and that the association has forgotten that boards make the decisions...

WASHINGTON - Delinquencies fell during the fourth quarter of 2002 nationwide, but the Mortgage Bankers Association cautions the country's overall economy will play a key role in what happens in the near future. "We expect to see delinquencies fall as the economy improves and generates job growth," Doug Duncan, MBA's...

Preach on brother! I couldn't agree more with Mike Welch's comments in his March 26th column entitled "Private Insurance Attack Sparks Huge Response". Isn't this country founded on the "freedom of choice"? Isn't that why we have multiple political parties? Isn't that why we are tolerating the war demonstrators in...

DENVER - Concord EFS, which was the lead suitor in a merger deal with credit union EFT firm Credit Union 24, is itself going to be bought. First Data Corp. and Concord EFS have announced a definitive agreement to merge in an all-stock transaction valued at approximately $7 billion, with...