News

The $3 billion Randolph-Brooks Federal Credit Union has been named the Small Business Administration's top 7(a) program lender in the small lending category.

The consumer price index was unchanged in April from the previous month but falling energy prices resulted in the index being 0.7% below the same month last year, the Labor Department reported today.

CHICAGO -- One result of Australia's 2002 credit card interchange rate reform has been a growing trend among merchants to surcharge consumers who use cards, according to an Australian bank regulator.

The NCUA is scheduled to unveil final rules on what information credit unions must disclose to credit reporting agencies and hear a report on the health of the NCUSIF at its meeting next Thursday.

The Senate today may consider a credit union-opposed measure that would give retailers more flexibility in dealing with credit card issuers.

Lenders and homeowners will have additional resources to avoid home foreclosures and modify mortgages as a result of initiatives announced today by Treasury Secretary Timothy Geithner and Housing Secretary Shaun Donovan.

Six weeks of conservatorship under new management and the adoption of new FASB rules has caused a significant reshuffle of numbers in U.S. Central's financials.

Even as companies are slashing limits and canceling accounts, a growing number of small businesses are still leaning on credit cards to survive.