Lending

Providing loans for things like taxicab medallions, crops and agricultural equipment are the bread and butter for many credit unions, which may have a "built-in competitive advantage in making these types of loans and unlocking the wealth contained in certain assets," according to a new report.

Small businesses still feeling the impact of 2005's deadly hurricanes, will have another year to participate in the Small Business Administration's GO Loan Pilot program.

Two of Hawaii's credit unions have signed on with Member Business Lending, LLC through the CUSO's newly-opened regional office in Hawaii.

NASCUS planned to host a conference call to discuss implementation of the military lending rule with the Department of Defense.

Virginians Against Payday Loans (VAPL) have challenged credit unions in the state and nearby Washington, D.C. to get serious in the fight against payday lending and check cashing operations. In particular, VAPL founders Mike Lane and Ward Skull have singled out the Virginia Credit Union League for "remaining above the...

Now part of a financial coalition seeking redress on repo defaults before the California Supreme Court, the California Credit Union League said this month it seeks to set aside a lower court's enforcement of certain disclosure data for curing repo disposals.

Assuming the city's mayor and the U.S. Congress goes along, Washington, D.C. will have capped the interest payday lenders in the city can charge to no more than 24%, the same cap that other financial institutions chartered by the city face.

Acting Secretary of Banking Steve Kaplan told lawmakers today that Pennsylvania needs laws to test and license mortgage professionals and to protect consumers from unscrupulous loan practices.