Lending

The Maryland & D.C. Credit Union Association is urging the District of Columbia City Council to extend its current usury law to cover payday lenders in Washington, D.C.

The NCUA watchdogs may be trying to salvage both Norlarco Credit Union in Fort Collins, Colo. and Huron River Area Credit Union in Ann Arbor, Mich., but potential losses from construction loans both made to build homes here are increasing as defaults soar. And the black eye from negative PR...

LA CROSSE, Wis.--Another Wisconsin credit union, the $100 million Community of La Crosse, is offering reduced rates and flexible loan options to aid victims of the Aug. 18 flooding.

Building the Texans Commercial Capital LLC business lending CUSO to a highly successful entity, three former executives have filed a lawsuit against $1.7 billion Texans Credit Union and Texas Capital after claims of being fired when discussions began on exploring other options to expand the CUSO.

The Department of Defense has released its final regulation capping interest rates--and creating a new Military APR--at 36% on payday loans, vehicle title loans, and tax refund anticipation loans.

To help examiners and credit unions better assess the safety and soundness of the growing size and complexity of member business lending programs, NCUA has created the member business lending program officer position.