Lending

A new report from the Filene Research Institution has outlined how credit unions can position their credit card programs to take the greatest advantage of the CARD Act of 2009.

Heartland Payment Systems will pay American Express $3.6 million for damages stemming from Heartland's 2008 card data security breach that some have called the largest in history.

After doing an analysis of member business loan data, CU Business Group discovered that 50% of delinquencies are concentrated in 18 of the 698 credit unions that hold 95% of all MBL dollars.

The National Association of Realtors has agreed to sign the open letter circulated by CUNA encouraging Congress and the president to increase the amount credit unions can lend to businesses.

The fallout of the economy has put areas like overdraft fees and credit cards under the microscope with new legislation drafted to protect consumers.

The courts may wind up adjudicating another aspect of the CU National Mortgage fraud.