Credit unions take a reserved approach as the CFPB releases its initial payday lending guidelines.
Consumers can now allege wide range of problems to federal authority.
State Employees' Credit Union seems intent on disproving the axiom that consumers who use short-term loan products will not seek them out if they have a savings component.
On the heels of a report critical of some credit union payday loan alternatives and just as the NCUA has proposed regulations governing short-term,
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.