Lending

A decrease in the premiums on deposits at credit unions and banks in 2010 may have indicated a lesser amount of new capital was needed to fund loans.

The $70 million Members Federal Credit Union will now offer commercial loans and lines of credit through a partnership with Centennial Lending LLC.

In separate letters, CUNA and NAFCU both urged the House Financial Services Committee to raise the cap on member business loans.

An online marketplace that connects financial institutions looking to purchase loans with those who are selling loans is the premise behind BP Connect, a new venture from Business Partners LLC, a business lending CUSO.

Thomas Edison once said that most people miss a good opportunity because "it is dressed in overalls and looks like work." Sage advice from a great man. But many times, seizing a good opportunity isn't that hard at all.

New risk-based pricing provisions of the Federal Trade Commission's Fair and Accurate Credit Transactions Act, or FACTA, require creditors to make available the reasons for customers' credit terms based on their individual credit scores.