Lending

As the Small Business Administration's flagship 7(a) loan program breaks records, its other loan program stagnates. Advocates for so-called 504 loans hope a drive to permit CRE refinancing will inject new life.

CU Direct, a provider of lending, automotive and strategic solutions to the credit union industry headquartered here, on Wednesday said it has entered into a new agreement with Credit Union Leasing of America (CULA).

Lending Solutions Inc. reported it set a new record for the number of loan applications processed in July.

Credit unions and banks alike are fighting back against a proposal by the Department of Education (ED) that would restrict how universities disburse federal student loan funds, arguing the agency has overstepped its statutory authority.

Credit unions are growing their mortgages and auto loans at a faster rate than the competition, according to a TransUnion survey.

Now second only to holiday shopping, this buying season offers lending opportunities.

With purchase mortgages poised to supplant an expected drop in refinancing, here's a look at the 10 markets with the biggest year-over-year pickup in home sales.

Disclosure of confidential client information by the lead counsel for a group of merchants "fatally tainted" a 2012 settlement with American Express, a federal judge ruled, auguring poorly for a similar settlement with Visa and MasterCard.

Some 12 million Americans buy used cars through informal channels each year and Lending Club says those consumers are underserved by traditional auto lenders.