News

WASHINGTON -- In the eight months since its launch, the Small Business Administration's Patriot Express Loan Initiative has produced 1,007 loans amounting to more than $100 million, with an average loan amount of nearly $101,000, the agency said today.

WASHINGTON -- The Electronic Payments Coalition has come out strongly in opposition to H.R. 5546, a bill the coalition said would mandate price controls on interchange and deprive consumers of some of the things they most like about their credit card programs.

SAN ANTONIO -- Effective March 10, San Antonio City Employees Federal Credit Union is moving on in 2008 with a new name--generations Credit Union.

WASHINGTON -- CUNA policy committees and subcommittees are evaluating the possible impact of H.R.5546, the Credit Card Fair Fee Act, a bill that mandating changes to credit card interchange under the threat of government intervention.

GLASTONBURY, Conn. -- Open Solutions Inc. has released an upgraded version of its relational database core processing platform for credit unions and banks.

WASHINGTON -- CUNA, business organizations and other trade associations are scheduled to testify March 12 at the Small Business Administration's second national regulatory fairness hearing, which aims to offer a forum to comment on unfair or excessive federal regulatory enforcement that impacts their members and small businesses.