News

WASHINGTON -- The Small Business Administration has made it clear that it will not be forced to hire untrained and inexperienced workers to handle loan processing in the wake of Hurricane Ike.

ST. PETERSBURG, Fla. -- PSCU Financial Services, the payments CUSO serving at least 500 credit unions who process their credit and debit cards on the First Data Corp., is reaching out to credit unions in Texas that are still suffering the effects of Hurricane Ike.

PASADENA, Texas -- The Ike-suffering credit unions along the Texas coast began last week waiving payments and reducing rates and are now seeing the expected spike in disaster relief loans, with the $205 million Texas Bay Area CU already making 400 loan extensions worth $3.5 million.

MEMPHIS, Tenn. -- A long-time employee has been named to the newly created position of senior vice president/chief operating officer of Share One Inc.

MEMPHIS, Tenn. -- A long-time employee has been named to the newly created position of senior vice president/chief operating officer of Share One Inc.

WASHINGTON -- Some financial service companies could have limits on their compensation, there would be stronger regulation and the government would get shares of private corporations if congressional Democrats get their wishes included in the Bush administrations $700 billion financial bailout plan.