You can regulate the money out of the business, but you can’t regulate the personal responsibility out of the consumer. No matter what Washington does to keep credit unions and other lenders from taking advantage of the less well-educated, the desperate and the elderly, ultimately consumers have to take responsibility...
Consumer advocate's push against credit union short-term lenders hurting those they think they're protecting.
Members of Pennsylvania Credit Unions whose credit unions offer Better Choice loans have saved more than $12 million in fees since the program began in 2006.
The National Consumer Law Center has charged that certain credit union payday loan alternative products are little more than payday loans sold under a credit union label.
Does a payday loan alternative program have to be unprofitable to be good for members?
Fifty-four Texas credit unions will soon have a turnkey payday loan alternative product thanks to the National Credit Union Foundation's REAL Solutions program and the Texas Credit Union League.