WEST PALM BEACH, Fla. - Credit unions in some states are starting to learn about what could become a scary acronym for state-chartered credit unions - UBIT - which stands for Unrelated Business Income Tax. It is a tax levied against an exempt entity for income that is unrelated to...

WASHINGTON - The sides were clearly discernable at the hearing called by Rep. Richard Baker (R-La.), chairman of the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises in the wake of Freddie Mac's accounting irregularities and management shakeup, to decide whether and how to tighten the regulatory...

BOSTON - The steady-as-she-goes growth of the worldwide customer-relationship management market is masking a sea change in how the technology is being paid for and deployed, according to a new report. "Purchasing of new CRM application software will rapidly transition to an application service provider (ASP), subscription-oriented model," says Hugh...