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WASHINGTON — Two community development credit unions testified last week on how they are battling predatory lenders to educate their members on better financial options.

North Side Federal Credit Union CEO Ed Jacob and Faith Community United Credit Union CEO Rita Haynes provided testimony on the alternatives they are offering members to steer them away from predatory lenders during the March 21 Domestic Policy Subcommittee of the House Oversight and Government Reform Committee hearing entitled, “Foreclosure, Predatory Mortgage and Payday Lending in America’s Cities.”

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