via a short-term loan provider, it established a unique payday alternative loan system and began a massive training campaign.
A current ruling by the customer Financial Protection Bureau might lead other credit unions to just simply simply take comparable actions.
The CFPB during the early October finalized a guideline that would impose brand new defenses on pay day loans, automobile name loans, deposit advance items and high-cost that is certain and open-end loans. Continue reading “Whenever Redstone FCU learned that approximately one fourth of its users had a pay day loan”