Lending

Might this time finally be the charm for member business lending? After years of lobbying and cajoling, credit unions will finally get their wish on June 16 when the Senate Banking Committee holds a hearing on Sen. Mark Udall’s (D-Colo.) legislation to raise the cap on member business loans.

In the unsettling atmosphere across parts of Afghanistan, small business owners and farmers are getting the capital they need from the country's Islamic investment and finance cooperatives.

They tell you to keep your eye on the ball. But these days we are all wondering, which ball? The skill of a major league batter is needed to respond to the speed and number of regulatory balls of late fired at credit unions and CUSOs making mortgage loans. What...

With only a handful of credit unions enrolled, the state of California is pulling out all the stops to get more signed on to a nearly $100 million business lending program.

Soon after FICO announced a new service that will help credit unions' mortgage servicers, among others, predict mortgage defaults, another firm has announced a similar service that will predict default by looking at late fee payments to homeowners associations.

Kinecta FCU is now part of Fannie Mae's HomePath Mortgage program, an effort to move the thousands of properties it currently holds.