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. (May 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 Credit Union management Board. The proposed rule (starts window that is new would produce one brand new item as well as the current cash advance alternative (starts brand new screen) that’s been accessible to federally chartered credit unions since 2010. The Board is also asking for credit union stakeholders to touch upon a potential option that is third. […]