Lending

The GM Credit Union Member Discount program will sunset Oct. 1, according to CU Solutions Group.

The National Association of Federal Credit Unions is calling for stricter regulation of marketplace lending.

Loans to first-time homeowners and others with low credit scores are a big part of the Federal Housing Administration’s growth in purchase mortgages since the agency cut premiums.

ALEXANDRIA, Va. — NCUA will host an upcoming 90-minute webinar for credit unions that are considering participation lending.

Credit union loan balances grew at an 11% annualized pace in June, while loan delinquency rates fell, according to the latest Credit Union Trends Report from CUNA Mutual Group.

Financial technology provider Akcelerant, a wholly owned subsidiary of Temenos USA Inc., on Thursday said five credit unions recently signed for the company's Akcelerant Framework loan origination solution.

CUNA Mutual Group funded a study by the Filene Research Institute aimed at measuring the growth potential for credit unions in member business lending. The study comes as the federal regulator is considering easing restrictions on MBLs.

Fannie Mae and Freddie Mac have a regulatory mandate to shrink. But that's easier said than done, given the GSEs' outsized presence in the mortgage industry, as their latest quarterly results show.

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.

Auto lending experts agree CFPB's actions against the captive finance companies could open up a window of opportunity for CUs, but they warn there could be some negative consequences, too.

Unhappy with the regulator's effort to pare back restrictions on CUs business loans, bankers have taken a page from the CU handbook, sending copious letters to NCUA about its proposed MBL rule.