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Fed to Issue Rules on Mortgage Applications

Peter Westerman | July 08, 2008

WASHINGTON -- Lenders would be barred from making loans without regard to a borrower's income and could not penalize people who pay their loans off early, according to regulations the Federal Reserve plans to issue next week.

Polish and Slavic Makes More Scholarships Available

Peter Westerman | July 08, 2008

BROOKLYN, NY-- For the seventh year, the $1.2 billion Polish and Slavic Federal Credit Union is supporting the educational aspirations of its members. PSFCU contributed $300,000 to help defray the educational costs of its high school and college student members.

Fannie and Freddie Woes Raise Concerns About Housing Market

Peter Westerman | July 08, 2008

WASHINGTON -- Fears that the woes of the housing industry are not over were triggered Monday when shares of Fannie Mae and Freddie Mac fell to their lowest levels in 14 years.

Alabama CU's Debit Card Wins Design Award

Peter Westerman | July 08, 2008

MONTGOMERY, Ala. -- The Alabama State Employees Credit Union's new ClearCheck see-through debit card has won a top honor from the International Card Manufacturers Association.