payday loans

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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.

• Financial Services to Unbanked Reflect Potentially Huge, Report Suggests

  By David Morrison  |  November 7, 2012

  Subprime credit cards, payday loans over the Internet among market-leading products.

• FDIC to Probe Bank Payday Loans; Fiserv Software Criticized by Consumer Groups

  By Heather Anderson  |  June 4, 2012

  FDIC to probe bank payday loans in response to a petition signed by 250 consumer rights advocates critical of a Fiserv lending software program.

• 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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  Growth in Payday Loans: A Sign of the Times

  By Michelle A. Samaad  |  March 16, 2011

  Unemployment, rising debt and financial uncertainty are continuing to change the perception of those who are using payday loans.