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
Class is in session for Fin. Lit. Day on #capitolhill #NewsNow http://t.co/LuslMaSPlq
21 minutes ago
New website, resources for @cunacouncils http://t.co/926Y7QeDqW http://t.co/2BnZnwOjdU
31 minutes ago
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
16 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
18 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
20 hours ago