FactorTrust CEO Greg Rable says question is whether credit unions can afford not to serve the financially underserved.
Alabama credit union says the difference lies in how operation will work to move customers to membership, traditional savings and credit products.
New director Richard Cordray holds first field hearing, followed by session with credit union leaders, in Birmingham, Ala.
The National Consumer Law Center continued its criticism of payday lending CUSOs in a NCUA comment letter on proposed amendments to the CUSO rule.
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.
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.
Small NYC credit unions to be first to offer "Borrow and Save" loans.
Organization to offer loan-savings program to New York CDCUs.
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.