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COLUMBIA, S.C. - The former president of a now-defunct credit union was sentenced last week to six and a half years in prison for his role in the credit union's demise, including approving questionable loans to high-profile athletes. Lawyers for Andre Lewis, former head of Richland Teachers Council Federal Credit...

WASHINGTON-The Senate Finance Committee last week approved legislation to expand Individual Development Accounts (IDAs) by voice vote. The next stop for the Charity, Aid, Recovery, and Empowerment (CARE) Act (S. 1924), which substituted the language in the House bill (H.R. 7) will move to the next step in the legislative...

ANN ARBOR, Mich. - Newly originated nonprime mortgage equity continues to be concentrated in the Southwest, even though a weakened economy nationwide has made lending less favorable for lenders in all states. Nonprime mortgage loans are non-standardized loans that don't fit into the standard Fannie Mae guidelines. They include subprime...

WASHINGTON - One size does not fit all, say consumer groups in response to a current terrorism insurance legislation now on the Senate floor (S. 2600) that would require taxpayers to foot the bill for future terror losses. The groups would prefer that a targeted legislation to address the very...

SEATTLE - First Immigrant's Funding knew from the get go that it wanted to expand from offering just mortgage products to the immigrant communities in the city, to opening a financial that would provide them a wider array of services. In July, the mortgage lending company will celebrate the opening...

Watched any movies in Beta format lately? Didn't think so. Back when Beta and VHS were battling it out, few people chose Beta - leaving VHS the ultimate survivor. (At least until the advent of DVD, but that's another story.) What killed Beta wasn't inferior technology; in fact, most engineers...

COLUMBIA, S. C. - Last Sept. 11, USERS's senior managers were gathered with many of their clients for an educational conference in Scottsdale, Ariz. Backup systems and operational continuity plans, of course, were something they all had in place, but no one could have expected the test they were about...

At the meeting, Navy Federal presented NCUA Board Member Deborah Matz with a report documenting Navy FCU's low-income efforts. The report not only highlighted statistics, but also specific Navy FCU programs aimed at assisting its lowest income members. Members with under $40,000 in income use a higher proportion of its...