WASHINGTON-CUNA sent a letter to the Federal Reserve last week urging the regulator to create a strong guidance regarding the `tying' of banking products and not to make it easier for banks. The Fed's proposed interpretation and guidance notes that consumers are not harmed by banks taking advantage of loopholes...

ATLANTA - Approximately 500 positions are expected will be eliminated at Harland Printed Products as a result of the company's plans to reduce the number of its production facilities. Harland Printed Products, a division of John H. Harland Company intends to consolidate its domestic manufacturing operations from 14 to nine,...

ARLINGTON, Va.-NAFCU hosted an audioconference last week on managing interest rate exposure for credit unions with high concentrations of fixed mortgage loans. The discussion focused on real estate loan exposure management, assignment, controls, and risk mitigation, according to NAFCU Economist Dr. Tun Wai. He added that NCUA has alerted a...

WASHINGTON-Renewal of federal preemptions in the Fair Credit Reporting Act could hit another snag with the threat of an amendment to tighten the affiliate information sharing provision. Senators Dianne Feinstein (D-Calif.) and Barbara Boxer (D-Calif.) have said they plan to offer an amendment to the National Consumer Credit System Improvement...