Committee calls on several government agencies to address loan servicing and debt collection issues.
Over the past week or so, the word “billion” has come up several times in industry talk on member business lending. The first billion–make that nearly $12 billion–is the record number of member business loans that credit unions funded in 2011, setting a new record high based on fourth-quarter data from...
Lawmakers stuck between rock and hard place as lending cap bill languishes. This from the May 9 print edition of Credit Union Times.
Senator advises colleagues "to move forward carefully."
Senate Banking chair wants to know if examination procedures are hurting the ability of small financial institutions to do responsible lending.
U.S. Senate action follows similar declaration from the United Nations.