Lending

GLENDALE, Calif. -- The $1.3 billion California Credit Union has received approval to participate in the Small Business Administration's 7(a) and Express loan programs.

PHOENIX -- The fight over payday lending in Arizona could be headed to the ballot box this November with Arizona credit unions adopting an informal hands-off stance opting instead for a greater financial education push in the schools and public forums.

COLUMBUS, Ohio -- Ohio is poised to pull the plug on payday lending.

COLUMBUS, Ohio -- Ohio is poised to pull the plug on payday lending.

DES MOINES, Iowa -- Gov. Chet Culver's (D) signature on Senate File 2430, commonly known as the Economic Stimulus Bill, is good news for Iowa credit unions.

GIG HARBOR, Wash. -- Anyone looking for a bright spot in the darkening mortgage market may find relief in this demographic factoid: 78 million baby boomers are about to turn 65. That's three years older than the minimum age required to secure a reverse mortgage.