Lending

PALO ALTO, Calif. -- The initial group of six large U.S. credit unions all taking part in the much-heralded launch of Zopa Ltds social networking venture are likely to be joined by more that belong to the Member Gateways network, it was disclosed Wednesday.

NAPERVILLE, Ill. -- HealthCare Associates Credit Union is now using a batch laser-generated self-mailer system to produce notices such as delinquency and loan billings.

WASHINGTON, D.C. -- The 56,000 members of Bank-Fund Staff Federal Credit Union can now get swift mortgage approvals by phone or over the Web or both.

BEAVERTON, Ore. -- The StreamLend Velocity loan-origination system is now in place at Rivermark Community Credit Union.

WASHINGTON -- Because of their relatively new entry into Small Business Administration lending, credit unions were not included in the agency's Small Business Economy: A Report to the President for 2007 released yesterday, but the agency said it is working harder to include them in future reports.

ARLINGTON, Va. -- Are the majority of credit unions already offering their members, in effect, the low-dollar, short-term loans which have generally characterized payday lending?

WASHINGTON -- Following the Senate's lead, the House of Representatives yesterday passed the "Mortgage Forgiveness Debt Relief Act" (HR 3648) to give homeowners facing foreclosure some temporary tax relief.

WASHINGTON -- Following the Senate's lead, the House of Representatives yesterday passed the "Mortgage Forgiveness Debt Relief Act" (HR 3648) to give homeowners facing foreclosure some temporary tax relief.