All five lenders are operated independently by a tribal member at a South Dakota reservation, Northwest Credit Union Association says.
Settlement with SmartBuy also bans retailer from operating in New York State.
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.