Lending

FORT MYERS, Fla. - Credit unions may not have made the mortgage mess, but they’re part of the clean-up crew, and that is giving them new power when dealing with government sponsored enterprises like Fannie Mae and Freddie Mac.

MIRAMAR, Fla. - One CUSO here is piloting an innovative program through which a credit union’s commercial and business members can extend the CU’s financing to that company’s own clients in much the same way auto dealers provide indirect lending.

DALLAS–Over the last 10 years, many credit unions were looking to cash in by selling off their credit card portfolios, but today some of those same credit unions are looking to get back into the credit card game.

WASHINGTON - Credit unions were lobbying last week against a bill to open the market for card interchange fees to more competition, saying the proposal would amount to price caps on this lucrative source of revenue.

LAS VEGAS - Open Solutions Inc., a provider of integrated enabling technologies for financial service providers throughout the United States, Canada and international markets, was awarded “Best in Category” during the 2008 Prepaid Card and CDHC Conference here.

PSCU-FS Issues $24M Dividend

TUKWILA, Wash. - While some credit unions are refocusing on credit cards, they shouldn’t forget about their debit cards, which offer some unique membership growth opportunities, according to one cards expert.

ORLANDO, Fla. - Oberthur Technologies, a smart card and contactless card technology provider, won the 2008 award for Outstanding Smart Card Achievement (OSCA) from the Smart Card Alliance (SCA).

MIAMI, Fla. - Card fraud usually refers to credit cards, but unfortunately, debit card fraud is starting to catch on, according to one cards processing expert.

MIAMI, Fla. - Credit unions thinking about selling their cards portfolios might want to learn more about why Wachovia decided to get back into credit cards about 18 months ago and is now looking to expand its cards division.

SAN JOSE, Calif. - Would you turn your members away and tell them to go to a bank instead? One credit union realized that is essentially what it did when it sold its credit card portfolio to a bank.

MIAMI, Fla. - The bad news: credit card fraud is still a problem. The good news: it’s down slightly and actually offers some marketing opportunities, according to one expert.

CHANTILLY, Va. — The prepaid card industry is growing up. The proof is in the name.

WASHINGTON - A controversial measure that would have allowed troubled homeowners to file for bankruptcy to get their mortgages rewritten was quietly put to death last week when the Senate voted to remove it from its mortgage rescue package.

TUKWILA, Wash. - While others in the mortgage business are suffering, 2007 proved to be a banner year for the mortgage CUSO Prime Alliance Solutions Inc., and its success is continuing on into 2008.