News

After months of restructuring attempts, small business lender CIT Group Inc. said it has filed for Chapter 11 bankruptcy protection in part to get rid of $10 billion in debt.

The housing market continues to show signs of rebounding as pending home sales increased 6.1% in September, the National Association of Realtors reported today. It was the eighth consecutive monthly increase.

It's official, Columbia Credit Union has named interim CEO Steve Kenny as its new president/CEO.

The $193 million Library of Congress Federal Credit Union leads off a video promoting and upcoming Frontline program about how financial institutions charge their members and customers for overdrafts.

Credit union mortgage lenders who sell their mortgages may face higher hurdles from the newly drafted Financial Stability Improvement Act.

The New York Yankees, using techniques employed by financial institutions, are in a position to become the World Series champion for the 27th time.