News

WASHINGTON - A survey recently commissioned by the Consumer Federation of America shows that lower-income and minority consumers are most likely to prefer Adjustable Rate Mortgages but misunderstand the interest rate risks of these types of loans, suggesting that they are "particularly vulnerable" to the risks of ARMs. Historically, states...

TAMPA, Fla. - It's been two weeks since Hurricane Charley slammed into southwest Florida, sparing the Tampa-St. Petersburg metropolitan area where forecasters originally thought the category four hurricane would make land fall, but eventually touching down and wreaking devastation in Port Charlotte and communities in Punta Gorda and Fort Myers...

CORAL GABLES, Fla. - Credit unions in South Florida which are accustomed to providing services to small, mom and pop businesses, are now being serviced themselves by a mortgage lender which itself started as a mom and pop shop and still works exclusively with credit unions. Almost 20 years after...

TUCSON, Ariz. And DENVER, Colo. - Risk-based lending has brought dramatic changes to credit union business models, according to Ron Parker, partner involved in the credit union practice at the Tucson, Ariz., office of Clifton Gunderson. The CPA firm handles work for some 250 credit unions of all sizes. Parker...

Just how vulnerable are consumers going to be as rates continue to rise? Hear what credit union economists think. Page 8.

Marketing credit cards to Hispanics takes more than just translating brochures from English to Spanish. Read about that and other card and ATM news on pages 28-30.