Scammers find lucrative business from funerals, foreclosures

NEW YORK (6/29/09)--While you're pinching pennies during the recession, scammers keep finding innovative ways to pick your pocket.

The foreclosure mess is turning into a lucrative business for crooks who promise to "help people" avoid foreclosure--for a price (nytimes.com June 21). While there are many legitimate nonprofit agencies providing free, confidential help to borrowers, con artists convince desperate homeowners who are behind on their payments to fork over $1,500, $3,000, or even up to $8,000 in fees for services that typically are free...

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Courtesy of cuna.org

Homebuyer tax credits, charity scams, travel packages

WASHINGTON (6/26/09)--Guests on Sunday's H&FF Radio offer expert advice about taking advantage of the first-time homebuyer tax credit, steering clear of charity scams, and avoiding travel packages with one too many surprises. And one guest explains how the bar code has transformed consumers' shopping experience.

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Courtesy of cuna.org

Speaker: CUs need strategy for a new world

BOSTON (6/26/09)--Credit unions should consistently focus on their relationships with members, take advantage of competitors' weaknesses, and not be shy about investing in technology. Mark Sievewright, senior vice president, Fiserv Inc., Brookfield, Wis., told America's Credit Union Conference & Expo Wednesday in Boston. Sievewright, senior vice president, Fiserv Inc., Brookfield, Wis., delivered that message Wednesday at America's Credit Union Conference & Expo in Boston.

Sievewright shared six strategic themes changing the movement today...

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Courtesy of cuna.org

Fed keeps rates the same: cites 'subdued' inflation

MADISON, Wis. (6/25/09)--The Federal Open Market Committee on Wednesday voted unanimously to keep the target for the federal funds rate at a record-low range of zero to 0.25%. In a statement following the meeting, the Fed said "economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period of time."

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courtesy of cuna.org

2010 will be pivotal, says NCUA's Marquis

BOSTON (6/25/09)--2010 will be a pivotal year on the credit union regulatory scene, National Credit Union Administration (NCUA) Executive Director David Marquis told a Wednesday morning breakout session on legislative and regulatory issues during the America's Credit Union Conference (ACUC) in Boston.

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courtesy of cuna.org