Lending

The Senate Judiciary Committee on Thursday will discuss whether consumers facing foreclosure should have the option of having a mediation hearing.

A defaulted $1.5 million loan apparently made to non-members is firing up bankers' tax exemption talk.

Neal Barofsky, the special inspector general for the troubled asset relief program, has written a highly critical evaluation of the U.S. Treasury's administration of efforts meant to help home owners remain in their homes.

The $341 million Consumers Credit Union has become the latest to start offering its members mortgages insured by the Federal Housing Administration. FHA insured mortgages are popular with many home buyers because of their more favorable terms.

While Kentucky credit unions are performing higher than the national average in a number of areas, the cooperatives were challenged by CUNA Mutual Group to seek out more growth strategies.

Credit unions have benefited lower income and families especially, according to the Wisconsin Credit Union League.