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Pa. legislature rescinds Philly anti-predatory lending ordinance

By Staff Writer

PHILADELPHIA - After unanimously passing a bill in April that placed tough restrictions on subprime loans, the Pennsylvania state legislature did an about-face and passed a bill overturning Philadelphia's anti-predatory lending regulation. Specifically, the new law-H.B. 1703-pertains to loans with rates 4.5 percentage points above Treasury securities of comparable maturity....

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Realtor vs. bank fight continues

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New credit score disclosure requirements in Calif.

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July 03, 2001

CUNA commends NCUA's proposed rule concerning notices of nondiscrimination in real estate-related lending

WASHINGTON - Stating that NCUA's proposed rule to relax certain provisions in the agency's regulations concerning advertising and posting notice of nondiscrimination in real estate-related lending will bring the rule "more in line with the nondiscrimination advertising rules of other regulators," CUNA congratulated the NCUA Board for giving FCUs a...

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July 03, 2001

Lower rates, fewer loan applications

WASHINGTON - Despite lowered interest rates, home purchase loans and refinances decreased 7.8% for the week ended June 15, compared with the previous week, according to the Mortgage Bankers Association of America's weekly survey. The MBA Purchase Index decreased to 324.2 from 342.9 from the previous week, while the Refinance...

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July 03, 2001

CUNA gets behind Freddie Mac's "Don't Borrow Trouble" campaign

Freddie Mac has the program - "Don't Borrow Trouble," and it has the message for consumers - "call a 1-800 number for local government and non-profit agencies to help them understand and resolve specific lending problems." Now it needs a messenger. That's where credit unions and leagues come in. The...

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July 03, 2001

Participation loans not just for small credit unions

SAN FRANCISCO, ANAHEIM and CHATSWORTH, Calif. - When it comes to being able to make member business loans, a credit union's looks can be deceiving. Take Patelco CU in San Francisco, for example. As the fourth largest credit union in California, it would be easy to assume the credit union...

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June 26, 2001

New tools of the core processing trade

There's a whole new set of systems, standards and hardware being used by more CU processors. Here's a look at some of them. * OFX - A uniform spec for exchanging financial data between financial institutions, consumers and other organizations over the Web. It was first created back in 1997...

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June 26, 2001

Updated Oregon Credit Union Act becomes law

SALEM, Ore. - A bill that updates the Oregon Credit Union Act by removing the $100,000 limit on CU member business loans and sets a cap to match the federal limitations, was signed into law by Gov. John Kitzhaber. H.B. 2775 received bi-partisan support from Republicans and Democrats in the...

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June 26, 2001

CIA, NAFCU team up for Webcast

SAN JUAN CAPISTRANO, Calif. - Credit union consulting firm Counter Intelligence Associates (CIA) and NAFCU plan to team up once again to produce a live conference "Webcast" from NAFCU's 34th Annual NAFCU Conference and Exhibition. The conference and Webcast will be held from July 11 to July 14, 2001 in...

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Top News Stories

Pa. legislature rescinds Philly anti-predatory lending ordinance

Realtor vs. bank fight continues

New credit score disclosure requirements in Calif.

Recommended Just For You

News Stories

CUNA commends NCUA's proposed rule concerning notices of nondiscrimination in real estate-related lending

Lower rates, fewer loan applications

CUNA gets behind Freddie Mac's "Don't Borrow Trouble" campaign

Participation loans not just for small credit unions

New tools of the core processing trade

Updated Oregon Credit Union Act becomes law

CIA, NAFCU team up for Webcast