predatory lending

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  Credit Union CEO Defends Payday Loan Program

  By David Morrison  |  May 22, 2013

  Louisiana FCU charges far less than payday lenders, offering escape not predation, CEO Rhonda Hotard says.

• Two Payday Lending Credit Unions Emphasize CUSO Role

  By David Morrison  |  May 17, 2013

  Two of the nine credit unions hit in NCLC letter respond; NCUA says it'll look into the complaint.

• NCLC Charges Nine FCUs Still Offering Payday Loans

  By David Morrison  |  May 17, 2013

  Consumer advocates say most credit unions cited in 2010 have abandoned the practice.

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  Usury Endorsed by the Government Is Repugnant

  By Bill Brooks  |  January 23, 2013

  Usury is pernicious at best, but government-endorsed usury lite helping people in dire financial straits is flat out repugnant. There is just no justification for participation in this vile activity. Government sanctioned usury lite is still hurtful to the downtrodden. There is never a valid reason to do the wrong...

• Online Lenders Charged with Usury, Operating Without a License

  By Michelle A. Samaad  |  November 15, 2012

  All five lenders are operated independently by a tribal member at a South Dakota reservation, Northwest Credit Union Association says.

• Preying on Soldiers: Electronics Retailer Ordered to Forgive $12.9 Million

  By Heather Anderson  |  November 12, 2012

  Settlement with SmartBuy also bans retailer from operating in New York State.

• 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.