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A payday loan program offered by the $814 million Nevada Federal Credit Union has started to draw the attention of the mainstream press.

USA Today picked up on the story of the Las Vegas-based credit union manipulating its use of fees in a payday loan program to avoid the 18% usury cap. Nevada Federal was named by the National Consumer Law Center in a January letter to NCUA, which was followed by an NCUA letter to federal credit unions on guidelines for payday lending alternative products.

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