The FDIC's push to get more banks involved in payday alternatives puts the limelight once again on credit union products.
A Pennsylvania "model' came up in discussion last week at a hearing with CU and NCUA representatives taking part.
In a rare presentation before an FDIC panel, Michael Wishnow, senior vice president of the Pennsylvania Credit Union Association, described the success of the nearly three-year old "Better Choice" program offering hard-pressed members small low rate loans tied to savings accounts.
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