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Two long-term opponents of payday lending said that nine federal credit unions in five states continue to offer members payday loans with triple-digit interest rates.

The May 16 letter from National Consumer Law Center and the Center for Responsible Lending to NCUA Chairman Debbie Matz noted that 52 of the 58 credit unions that had been identified in the 2010 report have left the business and praised large numbers of credit unions that found innovative and creative ways to help meet their members’ needs for small short-term loans.

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