Letters to chief regulators calls for curbs on payday lending, citing risks to consumers and the institutions themselves.
Says if a renewed focus on strengthening Social Security, Medicare and Medicaid is not taken seriously, the middle class will not have enough to retire.
As it’s grown, credit unions and their volunteers have become an integral part of VITA, the Volunteer Income Tax Assistance program that provides free help on returns to those who qualify–and that’s millions of American households.
By June 30 Arizona could be joining states banning or restricting payday loan operations with credit unions playing a role in joining the cause.
Barring any last minute switch by Arizona lawmakers, the state's payday lenders will be closed effective June 30.