Critics Say PAL Program Would Make CUs No Better Than Payday Lenders

"Loans that do not take into account a borrower's ability to repay are irresponsible and harmful."

By David Baumann | August 09, 2018 at 10:59 AM

A proposed NCUA Payday Alternative Loan program would not expand credit opportunities to members and would blur the line between credit unions and predatory lenders, the National Federation of Community Development Credit Unions has charged.

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1 Virginia CU Goes Federal, Joining 14 Other Charter-Switching CUs

2 Credit Union's Internal Investigation Leads to Employee Grand Theft Charge

3 Man Pleads Guilty in Credit Union Fraud Ring Conspiracy

4 Boomers Are Not Enough: How to Attract Younger Consumers

5 CU Loses Nearly $300,000 in Four Hours With ATM Skimming Device

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Alternative Data Is No Longer 'Alternative' for Credit Unions

By Tammy VanWambeke | July 26, 2024

Using it can help credit unions extend opportunities for financial health, spurring positive economic change.

Alternative Data Is No Longer 'Alternative' for Credit Unions

Space Coast Sells $669 Million in Auto Securities

By Jim DuPlessis | July 26, 2024

The Florida CU is the fourth-largest holder of indirect car loans, the type sold in a deal that closed Wednesday.

Space Coast Sells $669 Million in Auto Securities

Credit Union Helps Members Expand Solar Energy

By Jim DuPlessis | July 23, 2024

Clearwater FCU offers a CD that funds clean energy projects for its western Montana members.

Credit Union Helps Members Expand Solar Energy

Embracing a Modern Tech Stack and Architecture for Seamless Payment Experiences, Increased Efficiencies and Lower Operating Costs link

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