Lending

Senate Banking Committee panel to hear about importantce of secondary housing market to small financial institutions.

The House Appropriations Committee today is considering a spending bill that would cut the NCUA’s Community Development Revolving Loan Fund by 75% and 19% from the Treasury Department’s Community Development Financial Institutions Fund.

New York credit unions as well as banks may be getting a break soon from ‘spam-driven’ subpoenas issued by collection lawyers and other creditors under a bill winning final clearance in the New York Assembly Wednesday and now headed to Gov. Andrew Cuomo’s desk.

New York credit unions as well as banks may be getting a break soon from ‘spam-driven’ subpoenas issued by collection lawyers and other creditors under a bill winning final clearance in the New York Assembly Wednesday and now headed to Gov. Andrew Cuomo’s desk.

New site offers direct consumers access, loan application and connection to affinity partners.

To say the battle to increase the member business lending cap has been an arduous one for the credit union industry would be an understatement.