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Credit union swaps payday advances for friendlier offering

Introduction A Utah-based lender featured prominently in a iWatch Information research of payday financing at credit unions has stopped offering the controversial loans and it is alternatively providing an even more product that is consumer-friendly. Hill America Credit Union had provided its 320,000 member-owners a “MyInstaCash” loan that topped away[…]

Challenging the Mainstream Wisdom on Payday Loans

Some time ago, we went right into a neighbor from my old neighbor hood in Pittsburgh, East Liberty, a mostly Ebony, low-income neighborhood. She had been telling me personally about taking out fully an online payday loan to aid protect several of her bills. In accordance with a new report[…]