NCUA Really Wants To Expand Payday Lending Options For Credit Unions, Customers

NCUA Really Wants To Expand Payday Lending Options For Credit Unions, Customers

ALEXANDRIA, Va. (might 24, 2018) – Federal credit union people may have more alternatives for short-term, small-dollar borrowing under a guideline proposed today because of the nationwide same day auto title loans Credit Union management Board.

The proposed rule (starts brand new screen) would produce one brand new product as well as the current cash advance alternative (starts brand brand new screen) that is offered to federally chartered credit unions since 2010. The Board is asking for credit union stakeholders to discuss a potential option that is third. Continue reading “NCUA Really Wants To Expand Payday Lending Options For Credit Unions, Customers”