Some banks have recently reported easing their lending standards or terms as a result of more aggressive competition from other banks or nonbank lenders.

WASHINGTON -- The three former payday lending employees have largely backed up some of the most explosive criticisms that opponents of the controversial lending business have made: that payday lenders target members of minority groups and manipulate borrowers into long term indebtedness.

WASHINGTON, DC -- Three employees of a payday lender operating in Washington DC renounced the participation in the payday loan industry and apologized to the community during a dramatic August 12 press conference, according to press reports.

With the average age being 47 for members nationwide, credit unions aren't attracting younger members or retaining older members, but both population segments are still critical to growing membership, several experts recently shared.