PrimeVest Financial Services, a firm with nearly a dozen credit union clients, is one of three independent broker-dealers that will be sold by ING Group, the company said today.

After months of restructuring attempts, small business lender CIT Group Inc. said it has filed for Chapter 11 bankruptcy protection in part to get rid of $10 billion in debt.

The housing market continues to show signs of rebounding as pending home sales increased 6.1% in September, the National Association of Realtors reported today. It was the eighth consecutive monthly increase.

Credit union mortgage lenders who sell their mortgages may face higher hurdles from the newly drafted Financial Stability Improvement Act.