The $414 million City County CU sells 40 to 50 cars a month through its used car lot.
Credit union experts agree with Lennar CEO, who says borrowers find underwriting scary and invasive.
State Employees’ Credit Union program eliminates back and forth between dealership and cooperative.
The lead generator website is open to new credit union partners, but recognizes FOM could be a barrier.
Arch Mortgage Insurance changes its moniker from CMG Mortgage Insurance.
Eight credit unions have increased loan balances and members while also supporting local charities.
Online small business lender Kabbage launches sister site Karrot, which will offer personal consumer loans.
The FFIEC reports loans declined from 31% in 2012 to 26% in 2013 while refinances increased.
The CEO of a Florida home construction firm says barriers scare first-time homebuyers.
The CFPB proposes regulatory authority over auto lenders that make at least 10,000 loans or leases per year.