Legal

CUNA Mutual seeks new trial after $6.2M verdict

CUNA Mutual says court committed foul by letting jury see internal documents

FORMER CREDIT UNION CEO CONVICTED OF CONSPIRACY , EMBEZZLEMENT , BANK FRAUD , TAX FRAUD , FALSE ENTRIES AND OBSTRUCTION OF EXAMI

Springfield, MA... The former Chief Executive Officer and Treasurer of the D.

Wisconsin Credit Union League: Banking Trade Association Distorts Facts About Credit Union Lawsuit Against the IRS

PEWAUKEE, Wis., Jan. 21 (www.allCunews.com) -- "There they go
again, distorting the facts to promote their anti-consumer, tax-increase

Seven employees cleared of all charges from April sit-in at credit union

TORONTO, Dec. 3 (www.allCUnews.com) - The seven striking FirstOntario CreditUnion employees who were involved in a peaceful sit in had all charges against them withdrawn in a Hamilton Court last week. On the heels of this news, COPE Ontario Director Janice Best contacted the new CEO for FirstOntario requesting a meeting to discuss the plight of these seven workers. The new CEO Kelly McGiffen was unwilling to discuss this issue despite the withdrawal of the charges.

California Department of Financial Institutions Places Cal State 9 Credit Union Into Conservatorship

SAN FRANCISCO--(www.allCUnews.com)--The California Department of Financial Institutions (DFI) today announced that Cal State 9 Credit Union was placed into conservatorship. Cal State 9 is a state-chartered, NCUA insured, credit union based in Concord.

Settleware Helps American First Credit Union Sell E-Note Registered With MERS eRegistry to Fannie Mae

The Paperless System Worked Flawlessly and the Deal Was Signed, Sealed and Delivered

LAGUNA BEACH, Calif., July 23, 2007 (allCUnews.com) --

* Easy-to-use middleware solution works perfectly with MERS(r) and Fannie

MasterCard Wins Injunction Against Visa

Issuers Free to Terminate Visa Debit Agreements

PURCHASE, N.Y., June 8 (www.allCUnews.com) -- Federal Judge Barbara Jones ruled yesterday that Visa's Settlement Service Fee ("SSF"), implemented in the wake of the settlement of the merchant lawsuit in 2003, was unlawful and must be repealed, MasterCard reported today.

Dreier LLP Announces Class Action Lawsuit Against CheckFree Corporation (CKFR)

NEW YORK, May 4 (www.allCUnews.com) -- Dreier LLP (http://www.dreierllp.com) today announced that a class action lawsuit was commenced in the United States District Court for the Northern District of Georgia, on behalf of the purchasers of the common stock of CheckFree Corp. ("CheckFree" or the "Company") (Nasdaq: CKFR) during the period April 4, 2006 through August 1, 2006, inclusive (the "Class Period"). The complaint alleges violations of the federal securities laws, including Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

CheckFree Comments on Recent Report

ATLANTA, April 11, 2007 (www.allCUnews.com) -- In response to a recent report regarding one of its largest customers, CheckFree Corporation (Nasdaq: CKFR) today issued the following statement:
"For some time, we have discussed with investors the process of very large bank customers exploring the possibility of internally performing portions of the outsourced billing and payment services that we provide to them. In-house solutions have always been and will continue to be an option for our customers and a competitive factor facing our business.

BOTETOURT WOMAN INDICTED FOR MONEY LAUNDERING, MAIL FRAUD AND WIRE FRAUD

United States Attorney John L. Brownlee, Special Agent in Charge of the Richmond Division of the IRS Charles Pine, and Special Agent in Charge of the Richmond Division of the FBI Charles J. Cunningham announced today that Monica Blair Yates, age 40, of Daleville, Virginia, was indicted by a Grand Jury sitting in Roanoke, Virginia. Yates is charged in a ten count indictment with mail fraud, wire fraud and money laundering. According to the indictment, Yates was an employee of CUNA Mutual Life Insurance in Roanoke from November 16, 2001 to May 19, 2006.

Entrust and Addison Avenue Federal Credit Union Settle Patent Lawsuit

DALLAS, July 5 /PRNewswire-FirstCall/ -- Today, Entrust, Inc. (Nasdaq: ENTU] announces it has settled its patent infringement lawsuit against Addison Avenue Federal Credit Union filed in March. As part of the settlement agreement, Addison Avenue has agreed to license the Entrust IdentityGuard product and the parties have agreed to dismiss their respective claims and counterclaims with prejudice. The patent infringement lawsuit, involving Entrust's U.S. Patent 5,712,627 (the "627 Patent"), was filed in the United States District Court for the Northern District of California on March 22, 2006 and settled on June 30, 2006. Both companies are pleased to have reached an amicable resolution without a need for further litigation.

Visa USA and First Data Corporation Agree to Settle Legal Dispute

SAN FRANCISCO & DENVER--(BUSINESS WIRE)--July 5, 2006--Visa U.S.A. Inc. and First Data Corporation (NYSE: FDC) have agreed to settle a legal dispute, pending since 2002, over the processing of Visa payment card transactions.

Credit unions oppose lifting thifts' lending limit

WASHINGTON, June 21 (Reuters) - Credit unions expressed opposition on Wednesday to a congressional move that would give its thrift competitors freer ability to lend to businesses while keeping the nonprofits' lending authority unchanged at a lower level.

First Data Announces Filing of Form 10 for Western Union Spin-Off

DENVER--(BUSINESS WIRE)--June 8, 2006--First Data Corp. (NYSE: FDC) today announced that Western Union has filed a registration statement, or Form 10, with the Securities and Exchange Commission in connection with the planned spin-off by First Data of the Western Union business. The company also announced today that on May 12, 2006, First Data requested a favorable tax ruling from the United States Internal Revenue Service with respect to the spin-off. Both the filing of the Form 10 and the filing of the ruling request with the IRS are major milestones in the company's preparation for the planned spin-off of Western Union.

U.S. House panel to weigh credit union conversion

By John Poirier
WASHINGTON, May 5 (Reuters) - Legislation to limit the oversight role played by a U.S. regulator in decisions by credit unions to convert into savings institutions may not be needed if the supervisor agrees to change its rules, a lead Republican on the issue said on Friday.

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