Pope's Death Delays Action On Bankruptcy
WASHINGTON-House leaders postponed a final vote on the bankruptcy reform bill and other bills last week while scores of lawmakers travel to Rome to attend ceremonies memorializing Pope John Paul II.
A final vote by the House on the long-sought credit union-backed bill had been tentatively scheduled for last Thursday but is now expected to be held this week, instead, according to Gary Kohn, a lobbyist for CUNA.
Meantime, the House Rules Committee was scheduled to meet last week to determine the ground rules for the final vote on the bankruptcy bill, which is expected to include several amendment proposals, Kohn told The Credit Union Journal.
Open Solutions Latest Acquisition is SOS
GLASTONBURY, Conn.- Open Solutions Inc. said it has continued its acquisition spree, which has included seven corporate deals over the last 15 months, with an agreement to acquire SOSystems. The move came the same week that Harland announced it was acquiring Liberty Enterprises (see related story, page 3).
SOSystems is a provider of core data processing and support services for 120 credit unions. Under terms of the agreement, Open Solutions agreed to pay $11 million in cash. SOSystems will become part of Open Solutions' Core Systems Group and will continue to be based in Orem, Utah.
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