News

While credit unions continue to tout having more money to lend, some still prefer to deal with existing businesses with positive cash flows and tangible assets.

The company that owns 6,300 convenience stores across the country has launched a signature drive to get Congress to take up card interchange fees.

Delinquencies among eight installment-loan categories increased to 3.23% of all accounts during the first quarter from 3.22% in the last three months of 2008, the American Bankers Association reported today.

A Canadian firm, UM Financial Inc., has begun offering a prepaid card aimed at Muslims who wish to have the convenience of a credit card but refrain from paying any interest. Islamic religious law forbids the paying or earning of interest.

Pope Benedict XVI called for a new economic order that incorporates a "profoundly new way of understanding business enterprise."

The State of California has closed Watts United Credit Union in Los Angeles.