Lending

WASHINGTON -- For a number of reasons, 368 banks have stopped participating in the Small Business Administration's lending programs over the past two years, the agency said.

SALT LAKE CITY -- Stymied for years by restrictive state law, the Utah League of Credit Unions is now looking at a ballot initiative perhaps this fall to provide relief on business loans and expansion, according to Scott Simpson, president/CEO.

WASHINGTON -- A grant from the National Credit Union Foundation, the Annie E. Casey Foundation and the Aspen Institute has provided the means to collect research on CUs that have sustainable subprime auto lending programs so that successful strategies can be replicated by other CUs.

CALABASAS, Calif. -- Countrywide, the largest provider of home loans in the country will be acquired by Bank of America for a reported price tag of $4 billion.

CALABASAS, Calif. -- Countrywide, the largest provider of home loans in the country will be acquired by Bank of America for a reported price tag of $4 billion.

SHREVEPORT, La. -- A snapshot poll comprised by the African-American Credit Union Coalition currently shows that subprime mortgage loans are causing most of the delinquencies in loan portfolios.