The Scarlet Lender

Utah CUs Blasted For 'Sinful' Payday Loan Programs

SALT LAKE CITY-A local consumer advocacy group camped out on the steps of America First CU last week and assailed it and seven other Utah credit unions as predatory lenders for payday alternatives they offer their members.

Where Are The Apps?

Mortgage Volume Down Despite Lowest Rates

LAS VEGAS-Record low mortgage rates have done nothing to stop a renewed housing slide, as new home sales fell to record lows in May and both refinance and purchase volumes fell throughout June.

'Asking For Business' Boosts OCCU's Lending

EUGENE, Ore.-An aggressive, proactive approach being taken by the $919-million Oregon Community CU here has led to a strong increase in lending.

Genisys In Alliance With Cleary University

AUBURN HILLS, Mich.-Getting a degree is now a little easier on the wallet of Genisys CU members and employees, thanks to a new partnership with Cleary University.

Why Lenders Need To Improve Response To Payment Difficulties

ATLANTA-According to a recent survey by Synergistics Research entitled, "The New Consumer Credit Market-Challenges and Opportunities," there is some room for improvement in how lenders respond to customers having payment difficulties.

Humor, Balance Transfer Offer, Driving Traffic

NEWPORT NEWS, Va.-A sense of humor, a fun game and a balance transfer offer are helping drive new members to Langley Federal Credit Union.

Lack of Downpayment Cited As Leading Reason More People Aren't Purchasing New Homes

SILVER SPRING, Md.-Spring and summer tend to be the big home-buying seasons, but if one recent poll is any indication, mortgage lenders may not have a whole lot to look forward to this home buying season.

Study Evaluates Payday Loan Alternatives, Finds Some CU Programs Wanting

BOSTON-A new study is critical of some credit union and bank "alternatives" to payday loans, saying such programs also "plunge consumers into a costly and nearly inescapable debt cycle."