Lending

HARRISBURG, Pa. -- Based on media reports, pawnbrokers, check cashers and payday lenders are flourishing in the rough economy, the Pennsylvania Credit Union Association noted Monday in its member newsletter.

HARRISBURG, Pa. -- Based on media reports, pawnbrokers, check cashers and payday lenders are flourishing in the rough economy, the Pennsylvania Credit Union Association noted Monday in its member newsletter.

WASHINGTON -- Hoping to avoid another subprime crisis, the Federal Reserve on Monday approved a series of rules to more closely regulate the terms and circumstances of housing loans.

WASHINGTON -- Hoping to avoid another subprime crisis, the Federal Reserve on Monday approved a series of rules to more closely regulate the terms and circumstances of housing loans.

RALEIGH, N.C. -- U.S. credit unions flush with deposits and eyeing favorable investment returns might want to follow the model of the $15 billion State Employees Credit Union which is providing $1.1 billion in financial backing for a beleaguered student loan agency, the CU management suggested Friday.

DALLAS -- Texas Credit Union Commissioner Harold Feeney said his agency is working closely with the $2 billion Texans Credit Union after the institution has taken substantial hits in its construction and development portfolio.