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
BBB includes Better Choice as option to payday lending
HARRISBURG, Pa. (4/12/10)--The Better Business Bureau of Western Pennsylvania listed Credit Union Better Choice as an option to payday lending, according to the Pennsylvania Credit Union Association (PCUA). The bureau had issued a press release warning consumers about online payday lenders who claim they are not required to follow state or federal laws regarding licensing requirements, debt collection practices or interest rate caps (Life is a Highway April 9). PCUA provided information to the bureau about Credit Union Better Choice, where credit unions have issued more than 28,000 short-term loans totaling more than $13.4 million since 2006. Members saved nearly $10 million dollars by using the program instead of a traditional payday lending product (News Now March 3).
Other Resources

RSS





print
News Now LiveWire
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
29 minutes ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
42 minutes ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
2 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
2 hours ago
#Jobless claims duck under 300K for 3rd straight week #Market #Economy http://t.co/jOsZWf9HNJ
2 hours ago