Lending

Open Lending LLC said it added 59 credit unions in 2011 to its auto lending risk management program.

Cordray says focus will be on those who "materially increase the risk of violations of federal consumer laws."

Cordray says focus will be on those who "materially increase the risk of violations of federal consumer laws."

In another effort to drive in more business, some auto lenders, including credit unions, may be more willing to be flexible with credit-challenged consumers.

While it may not be much of a surprise to credit unions that some banks are not eager to approve funding for small businesses these days, the rate of rejections might cause some alarm.

Major mortgage lenders appear to be continuing their strategic retreat from the U.S. housing finance market, leaving credit unions with a significant opportunity that they may not be willing or able to take.