Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Arizona senator notes CUs as payday loan option
PHOENIX (3/16/10)--Credit unions are a viable low-cost alternative to payday loans, according to an Arizona legislator. State Sen. Debbie McCune Davis (D-Phoenix) said no one in Arizona should be able to take on high-interest payday loans--which will not be allowed in the state after June 30 unless a state senate panel approves legislation to keep the industry alive in Arizona (yumasun.com March 11). She cited a New Mexico study, which found that 97% of those who took payday loans had lower cost alternatives. Others are ready to fill the gap if the payday lending law expires, she said. “I’ve talked with a number of credit unions that are ready to work with people to get them through short-term financial crises,” she told the paper. “They have a process in place and are open to it.” To read the article, use the link.
Other Resources

RSS





print
News Now LiveWire
The U.S. Court of Appeals restored NCUA lawsuit v. Barclays Capital that charged misrepresenting quality of $550M IN RMBS. See News Now Wed.
3 hours ago
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
7 hours ago
Registration is now open for online viewing of @TheNCUA's March 19 board meeting. https://t.co/mMZoXSFjMe
8 hours ago
.@CFPB Director Richard Cordray's testimony that he will deliver before the #HFSC this afternoon. http://t.co/NA1aEOPAeh
9 hours ago
Consumer spending flatlines, savings ramp up #Market #NewsNow http://t.co/94kPuBpMRK
10 hours ago