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The NCUA Doubles Amount Credit Unions Could Possibly Offer for Payday Alternative Loans We We We Blog Financial Solutions Perspectives

The NCUA Doubles Amount Credit Unions Could Possibly Offer for Payday Alternative Loans We We We Blog Financial Solutions Perspectives

The National Credit Union Administration (NCUA) voted 2-1 to approve the final rule related to expanding payday alternative loan options (PAL II) at the September open meeting. Even though NCUA clarified into the last guideline that the PAL II doesn’t change the PAL we, the flexibleness regarding the PAL II will generate brand brand new possibilities for borrowers to refinance their pay day loans or other debt burden beneath the PAL II financing model. Continue reading »