NEW YORK - Citing "integrity concerns," Citigroup Inc., suspended business with more than 3,600 brokers who used to do business with Associates First Capital Corp., a subprime lender acquired last year by the banking conglomerate. Referring to a company internal memorandum, the Wall Street Journal reported that Citigroup has severed...

CEFCU, Peoria, Ill., has named Denise Ghere, first mortgage origination manager; Suzi Lauterbach, VISA operations manager; and Sara Payne, first mortgage operations manager. In addition, CEFCU has promoted the following employees to the following positions: Dennis Forcum, Chillicothe member center manager; Giann Henning, Morton member center manager; Matt Mamer, Morton...

RALEIGH, N.C. - GE Mortgage Insurance has unveiled its first online claims service with real time response -Claims on the Web. "We've taken claims servicing to a new level", said GE Mortgage Insurance Senior Vice President/E-Business Leader Richard Nastasi. "This is yet another example of the Internet changing the game...

WASHINGTON - Consumers borrowing from credit unions for new car loans stand to save big bucks over the life of the loan than if they borrowed money from a bank or thrift, says the latest findings of a Bankrate monthly survey. According to the August survey, banks and credit unions...

AUSTIN, Texas - Gov. Rick Perry has appointed James Burnett, a partner with the law office of Burnett, Trahan & Johnson, LLP, to the Texas Credit Union Commission, pending Senate confirmation. Burnett's appointment expires Feb. 15, 2007. The nine-member commission supervises the Texas Credit Union Department which oversees and regulates...

ST. PETERSBERG, Fla. - Payment Systems for Credit Unions, Inc., which is owned by more than 500 credit unions, has signed a five-year contract extension with Omaha, Nebraska-based First Data Resources. "First Data's economies of scale, advanced technology and expertise allow us to help our credit unions nationwide successfully manage...

SACRAMENTO, Calif. - Legislators and Gov. Gray Davis' office continued to spar last week over provisions of a heavily lobbied privacy bill with both sides claiming their proposal would best protect consumers. With the Legislature scheduled to adjourn for the year on Sept. 14, it was unclear whether the bill...

WASHINGTON - Former NCUA Public Information Officers hosted a luncheon honoring recently retired Public & Congressional Affairs (PACA) Director Robert E. Loftus and welcoming new PACA Director Clifford R. Northup. Shown here (from left) are Northup, Loftus, Joan Pinkerton-Filson, currently Press Officer for the National Association for Business Economics and...