Board action extends temporary authority through September 2027, preserving pricing flexibility for higher-risk loans and continued availability of payday alternative loan programs.

To maintain member trust, credit unions must make data integrity a pillar of their mortgage operations.

Trade group warns reverting to the 15% statutory ceiling would restrict credit access and weaken payday loan alternatives for vulnerable borrowers.

Vote ends plan to create a billion-dollar Indiana cooperative amid members' concerns over rates and vague promises.