News

The Small Business Administration is expecting such a large amount of requests for its new deferred-payment, no fee-loan program that is has capped the number of loans lenders can approve per week.

A measure allowing bankruptcy judges to rewrite certain high-interest loans would be difficult for credit unions to comply with, CUNA President/CEO Dan Mica wrote members of the Senate Judiciary Committee.

Credit unions rank "as the most popular of any financial institution," according to a telephone poll released today by the Texas Credit Union League as part of its political advocacy activity.

Two Washington-area credit unions, FDIC FCU and NSF FCU, formally merged over the weekend to form Partnership FCU.

Twenty-two customers placed orders for 35 products in the first quarter of 2009, according to Integrated Media Management, a provider of document and automation technology solutions for financial institutions.

Merchants would be allowed to negotiate interchange with card issuers under the provisions of a bill introduced yesterday by House Judiciary Committee Chairman John Conyers (D-Mich.) and Rep. Bill Shuster (R-Pa.).