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Fed Cuts Benchmark Rate by One-Quarter Point

Peter Westerman | April 30, 2008

WASHINGTON -- The Federal Reserve Open Market Committee today trimmed the benchmark interest rate by 25 basis points to 2.0% as expected and signaled that it will defer any additional easing and monitor how the economy reacts to earlier rate reductions and to the tax rebate checks that began going...

Home Preservation Loans, FDIC Style

Peter Westerman | April 30, 2008

WASHINGTON -- The FDIC offered a proposal yesterday to help prevent foreclosures, asking Congress to authorize the Treasury Department to make loans to borrowers with unaffordable mortgages.

Lending Solutions Receives Vendor Award from DCU

Peter Westerman | April 30, 2008

ELGIN, Ill. -- Lending Solutions Inc. said it has been selected by Digital Credit Union to receive the credit union's Business Partnership Excellence Award.

Lending Solutions Receives Vendor Award from DCU

Peter Westerman | April 30, 2008

ELGIN, Ill. -- Lending Solutions Inc. said it has been selected by Digital Credit Union to receive the credit union's Business Partnership Excellence Award.

Payment Change Could Follow Contactless Climb

Peter Westerman | April 30, 2008

SAN FRANCISCO -- If the stars align, contactless payment cards will lead the way to the future of mobile payments.

Stapleton Retires After 44 Years in Industry

Peter Westerman | April 30, 2008

BRISTOL, Tenn. -- Larry Stapleton, president/CEO of United Southeast Federal Credit Union will retire at the end of June after 44 years in the credit union movement.