Lending

The Community Financial Services Association, the trade association that says it represents 60% of the payday lending industry, will unveil a new policy that will require its members to disclose more of their fees before the small value loans are made.

Consolidating information to eliminate redundancies on forms used by the Small Business Administration's 7(a) loan program is one suggestion made by CUNA in a comment letter to the agency.

A number of mortgage-related issues affecting credit unions are expected to have the attention of members of Congress this week.

A number of mortgage-related issues affecting credit unions are expected to have the attention of members of Congress this week.

Alliance Institutional Services, LLC, a business services CUSO, has linked up with Wolters Kluwer Financial Services to offer compliant business lending documentation.

Third quarter results for PHH Mortgage reflect the continuing slump in the overall mortgage business, with net revenues for September at $484 million, a decrease of 9.5% from net revenues of $535 million for the same quarter of 2006. Net loss for the third quarter of 2007 was $38 million,...