Lending

As the number of occupancy rates continues to decline in commercial properties, several bank regulators are working together to come up with guidelines for loan workouts.

Days after President Barack Obama announced a proposal that provides incentives to community development credit union to help small businesses, CUNA continued to call for increased member business lending authority.

At a White House briefing yesterday, NAFCU President Fred Becker thanked President Obama for acknowledging the credit union industry's role in small business lending.

The $804 million Nevada Federal Credit Union, headquartered in Los Vegas, has apparently written its last payday loan.

Credit union employees wanting to learn about regulations for advertising loan products can attend NAFCU's Nov. 4 webcast on the topic.

During a visit to a records storage company in Maryland today, President Barack Obama is set to unveil a new round of lending initiatives targeted at helping small businesses.