NASHVILLE, Tenn. — Think on a larger scale was the overarchingmessage of Brent Dixon's session that kicked off the CU WaterCooler Symposium on Thursday at the Frist Center for the VisualArts.
The Austin, Texas-based founder of The Cooperative Trust sharedquite a few facts but the one that seemed to strike a chord withattendees most was that there are more payday lenders in the U.Sthan Starbucks and McDonald's put together.
In addition, it turns out that one of the top reasons why peoplego to payday lenders is actually in a roundabout way because of thefees.
The upfront, clearly spelled out charges, even if they arepredatory and making the choice to do so, seems preferable todealing with a financial institution where fees will be snuck in,Dixon said.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
