Lending

Moneytree Inc., a Seattle payday lender, was hit late last week with a cease and desist order by Washington state regulators alleging the firm allowed borrowers to take out an excessive number of loans violating rescinding rules.

Rejected by banks, a Washington-based medical practice made a huge step forward toward opening a 36,000-square foot office building thanks to Commercial Lending Solutions, a Chetco Federal Credit Union-owned CUSO.

The SBA said today $2 million in grants are available to governors of states and territories to support programs for innovative and technology-driven businesses.

A 15% drop in business lending at Wisconsin's banks is keeping pace with a national trend while the state's credit unions experienced a 13% increase in 2009.

By June 30 Arizona could be joining states banning or restricting payday loan operations with credit unions playing a role in joining the cause.

As one of the key requirements for meeting Regulation B's definition of a credit scoring system,

The rush of the lunch crowd has subsided at the Bagel Factory, where hearty sandwiches filled with turkey,

Of the 53 small business owners set to receive SBA 2010 "Person of the Year" awards during National Small Business Week in May, none of them received a loan from a credit union.