Lending

COVENTRY, R.I. -- There's one thing that Adam Quinlan is still in awe over as the newly hired vice president of Coventry Credit Union's commercial services division: no prepayment penalties.

SAN JOSE, Calif. -- For many small businesses, a lack of cash flow has become such an issue that financial institutions like Meriwest Credit Union are encouraging owners to consider "loan workouts."

WASHINGTON -- J.P. Morgan Chase and Citigroup both said today that they won't initiate any foreclosure proceedings in the near future, while the Obama administration comes up with a foreclosure-relief program.

MIAMI - Default Research (http://www.defaultresearch.com) is reporting that South Florida lenders filed 101,000 foreclosure-related lis pendens in 2008. Miami-Dade County led the region with 47,672, representing 4.91% of total households.

HARRISBURG, Pa. -- A little over two months since its debut, the Pennsylvania Credit Union Association's business loan exchange, Credit Union Loan Trader, is off to a strong start.

WASHINGTON -- A coalition of consumer and financial activist groups has denounced a bank's announcement that it will use some of the funds it received under the Troubled Asset Relief Program to fund so-called refund anticipation loans.