News

LendingTools.com CEO Eric Goering positioned yesterday's announcement that the Wichita, Kansas-based developer of correspondent tools had won its first credit union deal with Kansas Corporate Credit Union as a victory 10 years in the making.

The lead lobbyist for the Virginia Credit Union League, Whitt Clement, is the new chairman of the Virginia Chamber of Commerce and said he hopes his election might spur greater industry visibility within the influential business group.

Fannie Mae and Freddie Mac should eventually be abolished and the government should cut back its role in the housing market while financial institutions should hold more capital, according to a report issued today by Treasury and HUD.

Federal Reserve Governor Kevin Warsh informed President Obama today that he plans to resign as of March 31.

A Christmas Day attack on a large Russian payment processor over there can indicate trouble on the way over here.

Beginning Feb. 15, credit unions and other lenders in the SBA's preferred lender program will be able to approve the agency's new loans to aid underserved communities.