Credit Union Times | Accurate and Timely CU News

New Reg Z Rules Deadline Looming

By Peter Westerman

As credit unions are well aware, Regulation Z's new open-end lending rules under the Truth-in-Lending Act take effect July 1, 2010. Regulation Z establishes (among other things) uniform methods for disclosing credit terms.

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SBA Inspector General Reviewing Recovery Loan Activity

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Fynanz Gets Backing From 28 State Leagues

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Lending Stories

May 10, 2010

ARC Loans Spawn Bigger Ones for First U.S. Community CU

Since the SBA's America's Recovery Capital loan program debuted last summer, First U.S. Community Credit Union has been flooded with applications and the deluge has led to bigger loans for the Sacramento, Calif.-based cooperative.

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May 09, 2010

Some CUs Settling Fight With Fannie Mae

Some of the credit unions that lost money when US Mortgage CEO Michael McGrath fraudulently sold some of their loans to Fannie Mae have made progress in coming to a settlement with the mortgage giant and CUNA Mutual Insurance.

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May 06, 2010

May the Best Narrative Win

Elliott Kashner of Callahan and Associates says messaging matters in the MBL melee.

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May 06, 2010

Increased Competition Force Banks to Ease Lending Standards

Those banks that have started easing their commercial lending standards have done so in response to increased competition from other banks and nonbank sources, according to a recent Federal Reserve Board survey.

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May 05, 2010

Ohio Credit Unions Pledge $150 Million in Student Lending

A group of Ohio credit unions have announced an alliance to commit $150 million in assets to affordable student lending.

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May 05, 2010

Fed Survey Suggests Banks Still Not Lending to Card Holders

A recent survey of bank loan officers conducted by the Federal Reserve suggests that credit unions are still likely to find themselves the only lenders to even some of their most credit worthy members.

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May 05, 2010

SBA Offers Disaster Loans to Oil Spill-Impacted Businesses

SBA Administrator Karen Mills announced today the agency is making low-interest loans available to Louisiana Gulf Coast small businesses suffering financial losses following the April 20 Deepwater BP oil spill.

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Lending

Top Lending Stories

New Reg Z Rules Deadline Looming

SBA Inspector General Reviewing Recovery Loan Activity

Fynanz Gets Backing From 28 State Leagues

Recommended Just For You

Lending Stories

ARC Loans Spawn Bigger Ones for First U.S. Community CU

Some CUs Settling Fight With Fannie Mae

May the Best Narrative Win

Increased Competition Force Banks to Ease Lending Standards

Ohio Credit Unions Pledge $150 Million in Student Lending

Fed Survey Suggests Banks Still Not Lending to Card Holders

SBA Offers Disaster Loans to Oil Spill-Impacted Businesses