Lending

ELGIN, Ill.—Lending Solutions Inc. announced it has signed eight new clients for its lending and contact center services during Q1.

Should credit unions consider making student loans to students' parents, instead of the students themselves?

Low-income borrowers are responsible for much of the recent surge in student loan defaults and delinquencies, according to new research by the Federal Reserve Bank of New York.

WASHINGTON — The Consumer Financial Protection Bureau filed a lawsuit Tuesday against the owner of several tax-preparation outlets who allegedly steered low-income clients into expensive loans against their anticipated refunds.

VIENNA, Va. — Navy Federal Credit Union said it has closed a "record-breaking deal" with the Marine Corps Heritage Foundation (MCHF) on a commercial construction loan to complete the National Museum of the Marine Corps in Triangle, Va.

The Consumer Financial Protection Bureau's proposed rule cracking down on predatory payday lenders could wind up shutting down some credit unions' consumer-friendly payday loan alternatives.

NORTHRIDGE, Calif. — CU Business Partners has rebranded as Extensia Financial, the CUSO announced.

Navy Federal Credit Union closed over $1 billion worth of mortgages in March, and $2.5 billion year-to-date.

WASHINGTON — CUNA and NAFCU each submitted comment letters to the Consumer Financial Protection Bureau regarding 2013 Regulation X (RESPA) and Regulation Z (TILA) Mortgage Servicing Rules, urging the CFPB to adopt several changes and clarifications.

When it comes to millennials, the $64,000 question is when will this generation be ready to start buying their first homes?

The Federal Home Loan Bank of Topeka has announced a new plan to allow its members to invest in mortgages originated under the Mortgage Partnership Finance program.

In less than four months, mortgage providers across the nation must be ready to meet new disclosure requirements.

The mortgage application and closing process is once again facing an overhaul. The Consumer Financial Protection Bureau will soon require lenders to provide customers with integrated disclosure forms, which aim to clarify costs associated with real estate transactions. As with any new process, the switch poses a number of challenges for lenders — and could even put business at risk during implementation. Here are five pitfalls to look out for in the process.

Credit unions as a whole will continue to grow their share of the mortgage market in 2015 and into 2016, say industry experts.

During his 21 years in Congress, Mel Watt helped usher in several major changes to the financial services industry, from the Gramm-Leach-Bliley Act to the Dodd-Frank Act.

WASHINGTON — The Consumer Financial Protection Bureau's plans for revamping payday lending set off a fierce debate Thursday over whether the agency had gone too far or not far enough, proving that this is likely to be one of the trickiest rulemakings the agency will ever attempt.

After releasing successive studies on the payday industry over the past two years, the Consumer Financial Protection Bureau is finally set to unveil Thursday sweeping proposals that could fundamentally change the business of short-term loans and other products.