Lending

In one corner, the major CU trade groups and the Community Home Lenders Association, who are hoping the administration will further cut premiums after a reduction a year ago. On the other are MBA and ICBA, which argue a cut now would be too soon.

The numbers credit unions posted for loan and membership growth last year will be tough to beat, particularly given the economic challenges that have already sent the stock market plummeting.

The agency scrapped a part of its 2014 proposal that would have required Home Loan Bank members to maintain a certain percentage of residential mortgage assets in order to keep their membership. But the agency held fast on a provision that would disqualify captive insurance firms from membership.

Some lenders have asked whether the bureau would adjust its so-called resubmission guidelines — which determine whether lenders have to refile data based on errors found in samples — and it has responded with a request for further industry input.

Loan portfolio growth jumps 10.7% in 12 months ending in 3rd quarter of last year – vs. 6.6% increase at commercial banks in same time span.

The Seattle-based tech giant, in its latest foray into the financial services business, has begun offering installment loans to British consumers.

Filene Research Institute said it has entered into a new collaboration with QCash Financial to pilot a program designed to provide a low-cost alternative to payday loans.