News

Those banks that have started easing their commercial lending standards have done so in response to increased competition from other banks and nonbank sources, according to a recent Federal Reserve Board survey.

The top House Republican on financial issues is urging senators to wait 30 days after all amendments are approved before a final vote on the regulatory restructuring plan.

Although 290,000 new jobs were created last month, unemployment increased to 9.9% because of an increase in the size of the labor force, the Department of Labor reported today.

Jack Henry & Associates' announcement today that it is buying iPay Technologies is a logical follow-up to similar acquisitions by two of Jack Henry's major competitors, according to an industry analyst.

Through its IRS Volunteer Income Tax Assistance program, State Employees' Credit Union said it helped members receive $52.8 million in refunds and saved them $5.4 million in preparation fees this past tax season.

Yesterday's strange trading activity during the market's large sell-off is no surprise given the strong recoveries for most indexes as of late.

The NCUA today issued orders prohibiting three individuals from participating in the affairs of any federally insured financial institution.

Vermont Governor Jim Douglas has the power to make his small state the first in the country to pass a measure that could significantly impact the amount of card interchange earned from card transactions.