News

To open up more access to its programs, the SBA said today it has proposed increasing size standards for 71 types of businesses with most in the retail, hotel and food service sectors.

Credit card issuers would have to immediately stop raising interest rates on existing balances under the provisions of a bill introduced today by Senate Banking Committee Chairman Christopher Dodd (D-Ct.).

As the number of occupancy rates continues to decline in commercial properties, several bank regulators are working together to come up with guidelines for loan workouts.

The National Federation of Community Development Credit Unions will press a meatier agenda on the parts of community development and small credit unions at a Nov. 12 meeting with senior NCUA staff and board members.

A new Web presence and series of online and electronic banking services from PM Systems Corp. will soon help Agriculture Federal Credit Union expand member services while mitigating the rising cost of physical branches, the company and credit union said.

Bank of America and other big credit card issuers are handing credit unions with card programs another strong marketing message by starting to add annual fees to their cards once again.