Credit Unions News
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Target Corp. and Macy’s Inc. joined with 15 other retailers in suing Visa Inc. and MasterCard Inc. over credit-card and debit-card fees after dropping out of a multibillion-dollar settlement of a similar case.
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Wal-Mart Stores Inc. and Starbucks Corp. are among 19 retailers opting out of a $7.25 billion antitrust settlement with Visa Inc. and MasterCard Inc. over fees charged to merchants to process credit-card transactions.
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Every month, Elliott Klug or one of his business partners walks into the Colorado Revenue Department with a messenger bag holding thousands of dollars in cash and watches as state employees start counting.
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Eight lawsuits by the National Credit Union Administration Board aimed at recouping losses on mortgage-backed securities were halted by a federal judge pending an appeals court ruling.
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Small banks are pushing to be exempted from what they call an unneeded and overly burdensome U.S. data- collection effort to spot how consumers may be abused by checking account overdraft fees and other charges.
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Navy Federal Credit Union, the largest such institution in the U.S., is unlikely to be designated systemically important, according to a member of the Financial Stability Oversight Council.
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The campaign for British Columbia’s May 14 general election officially began today, with the pro- labor New Democratic Party, the main opposition group that’s led by Adrian Dix, looking to seize power from Premier Christy Clark’s ruling Liberal Party.
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U.K. credit unions, which have total assets of 537 million pounds ($895 million), face new rules from Britain’s financial regulator as the government prepares to let them carry out a wider range of activities.
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Coast Capital Savings and Meridian Credit Union lead Canadian credit unions planning to take advantage of regulations allowing them to expand across the country, challenging bigger competitors such as Royal Bank of Canada.
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Bank of America Corp. and the National Credit Union Administration reached a $165 million accord to cover losses on purchases of residential mortgage- backed securities by credit unions that failed, the agency said.
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