Lending

The $167 million Southbridge Credit Union and the $83 million Cambridge Portuguese Credit Union are the latest to partner with Northeast CUSO, a business lending entity.

To help move the flow of business loan participations, Michigan Business Connection LC and CenCorp Business Solutions LLC have formed an alliance to make it happen.

Small business lender CIT Group Inc. said today it has bought back $1 billion in debt from bondholders in another effort to avoid filing for bankruptcy protection.

Members of Pennsylvania credit unions have saved nearly $7 million over what they would have spent with payday lenders, according to the Pennsylvania Credit Union Association.

CRI Solutions Inc. said it has signed three more users of its CRIterion loan origination platform.

The current regulatory structure and failings by some regulators has resulted in inconsistent enforcement of anti-discrimination laws among lenders, a report by Congress' investigative arm concluded.