payday lenders

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  5 Essential Facts About the Financially Underserved

  By David Morrison  |  February 19, 2013

  In order to succeed in the 21st century, credit unions cannot afford to not serve the enormous and growing population of financially underserved consumer.

• Underserved Called Major Market for Credit Unions

  By David Morrison  |  February 13, 2013

  FactorTrust CEO Greg Rable says question is whether credit unions can afford not to serve the financially underserved.

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  Redstone Launches Check Cashing Alternative

  By David Morrison  |  November 7, 2012

  Alabama credit union says the difference lies in how operation will work to move customers to membership, traditional savings and credit products.

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  Alabama CUs Meet With Cordray at CFPB Payday Lending Hearing

  By Jim Rubenstein  |  January 20, 2012

  New director Richard Cordray holds first field hearing, followed by session with credit union leaders, in Birmingham, Ala.

• NCLC Keeps Heat on Payday Lending CUSOs

  By Michelle A. Samaad  |  October 21, 2011

  The National Consumer Law Center continued its criticism of payday lending CUSOs in a NCUA comment letter on proposed amendments to the CUSO rule.

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  Nebraska CUs Sign On for Payday Loan Alternative

  By David Morrison  |  October 21, 2011

  Members of six credit unions in Lincoln, Neb., will have another way to meet their need for short- term, low-dollar loans after their CUs joined together to start offering an alternative to payday loans offered elsewhere.

• National Federation Rolls Out New Payday Alternative

  By David Morrison  |  September 25, 2011

  The National Federation of Community Development Credit Unions announced a new program designed to help New York City area CDCUs offer payday loan alternatives last week.

• National Federation Announces New Payday Alternative Program

  By David Morrison  |  September 19, 2011

  Small NYC credit unions to be first to offer "Borrow and Save" loans.

• National Federation Rolling Out Payday Loan Alternative

  By David Morrison  |  September 16, 2011

  Organization to offer loan-savings program to New York CDCUs.

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  Moebs Study Urges CUs to Go Toe-to-Toe With Payday Lenders

  By Natasha Chilingerian  |  September 14, 2011

  If you’re going to overdraw your checking account by $100 or less, your most cost-effective bet is to borrow money from a payday lender, not to use an overdraft service or let your check bounce.