Fresh Today

Fresh Today

BEIJING, China—Online lending in China is being dealt a serious blow as the country plans to tighten regulations governing the nation’s 270 online-payment firms, including Alibaba Group Holding Ltd.’s finance arm.

HOUSTON—When the Durbin rules on interchange were about to go into effect there were numerous predictions that it would decimate income streams at all credit unions, not just those that fell under its purview.

COLUMBIA, Md.–The Maryland/DC Credit Union Association has become the latest state league to call on Congress to pass HR 2769, the Risk-Based Capital Study Act of 2015, which is also known as the “Stop and Study” bill.

MADISON, Wis.—The rise in credit union lending maintained its pace in June, with auto loans continuing to drive advances, according to CUNA’s monthly credit union estimates.