News

The Small Business Administration is strongly encouraging credit unions and other lenders that participate in its small business loan programs to provide deferment relief for borrowers in California's disaster-declared areas.

Reader feedback to a local story about a credit union to bank charter conversion suggests that member opposition to the move is at least flickering among some of the members of the $113 billion First Basin Credit Union.

The House last night passed the Mortgage Reform and Anti-Predatory Lending Act of 2007 (H.R. 3915) with some amendments but not a key one for credit unions.

The House last night passed the Mortgage Reform and Anti-Predatory Lending Act of 2007 (H.R. 3915) with some amendments but not a key one for credit unions.

The North Carolina Commissioner of Banks has issued a report that says that North Carolinians have not missed payday lenders after the state deauthorized payday lending in 2001.

After taking some time to mull over the provisions of Emergency Home Ownership and Mortgage Equity Protection Act of 2007 (H.R. 3609), CUNA has announced that it could support some "surgical" changes to the bankruptcy code as it applies to the subprime mortgage crisis.