A recent article in the Wall Street Journal described how major banks and private-equity firms are funding companies that provide subprime automobile loans — a product that many banks have moved away from.  That’s not so new.  See my article that describes how it was done in the 1960s: The More Things Change    

As a credit union — and specifically, CDCU — lifer, I welcome the recent initiative of NCUA and the CDFI Fund to double the number of CDFI certified credit unions.  I think it would be good for credit unions, possibly resulting in more CDFI credit unions receiving awards.  But I also think it could be […]