LOS ANGELES - (01/13/06) A group of 10 area creditunions has opened a new CUSO aimed at providing capital and otherservices to small business. Called Business Loan Link, the CUSO isrun by Jill Casselman, a former executive at Bank of America,Citicorp and Experian. Some of the credit unions, such as the USCCU, will market the business loans under their own name, otherswill use the Business Loan Link brand, and others will co-brand theloans. Some just plan to buy participations in loans made by othermembers of the CUSO. The CUSO is also working to get approval tooffer federally guaranteed loans through the Small BusinessAdministration. Among the other owners are: Southland CU, HealthAssociates FCU, and Allied Healthcare FCU.
-
Mastercard launches service to fight instant-payment fraud, EU may green-light Apple's NFC-access plan, and more.
27m ago -
The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
5h ago -
The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
8h ago -
Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
April 23 -
Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
April 23 -
The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
April 23