The CUJ Daily
Calif. Privacy Bill Goes Down Again
SACRAMENTO, Calif.-A tough "opt-in" privacy bill which would have required credit unions and others to obtain
It is the second time in a month the panel has voted down the measure and the fourth time in the past two years.
The legislative defeat is expected to add momentum to get a similar "opt-in" measure on the March 2004 ballot.
A petition drive backed by E-Loan CEO Christopher Larsen has collected more than 300,000 signatures of the
The doomed bill had the backing of the California CU League because it would carve out exemptions from opt-in
InteliData Raises New Capital
RESTON, Va.-Internet services provider Intelidata Technologies Corp. said it raised $3.3 million in new funds with
The exercise of the warrants resulted in the issuance of 1.4 million common shares to those investors.
ISOs Build ATM Fleets
CHICAGO-A major consolidation in the off-premise ATM business has left a few major independent service
The top 10 ISOs now operate more than 68,400 ATMs, compared to 59,500 last year, according to a new survey by
The increase comes as the largest ISOs acquired ATM contracts held by smaller ISOs and banks, not as the result of
The top U.S. ISO ATM operator is eFunds Corp., with about 15,700 off-premise ATMs under contract; with
More Woes For VISA, MasterCard
NEW YORK-A federal judge issued a ruling last week refusing to dismiss antitrust claims alleging VISA and
U.S. District Judge William Pauley denied motions to throw out claims that the two credit card associations violated
Each of the two companies assess a 1% surcharge on all overseas purchases and the participating banks pay a 2%
A California court ruled in April that Visa and MasterCard must pay almost $1 billion in refunds to customers after
The two firms agreed to pay $3 billion earlier this year to settle antitrust charges regarding their merchant
New Faith-Based CU Chartered
ALEXANDRIA, Va.-NCUA said it approved a charter for a new low-income credit union to serve people who live,
The Community of Hope Federal Credit Union was organized by a group of faith-based groups and qualifies as a
It is the seventh credit union chartered so far this year.
Foot Chase Nabs Two CU Bandits
CINCINNATI-Two men were arrested and charged with a robbery at Cincinnati Central CU in Green Township
Charged in the robbery were Eddie Senior, 40, and Dante Taylor, 23.
A third suspect who served as a lookout during the robbery is being sought. No injuries were reported during the