Warner Brothers show praises CUs' payday-loan efforts
MADISON, Wis. (9/25/06)--A nationally syndicated morning news show on the Warner Brothers channel last week gave praise to credit unions offering payday loan alternatives.
In the 7 a.m. broadcast Wednesday, Andrea Jackson, newscaster on the "Daily Buzz," commented on that morning's news, which included a prominent article featuring credit unions as alternatives to payday lenders in the Money section of USA TODAY.
Jackson noted that credit unions were offering 12% loans instead of outrageous interest rates charged by payday lenders.
Her cohost, John Brown, admitted he got payday loans while in college and needed to get a loan from his mother to pay them back.
Although she mentioned no credit union specifically by name, Jackson praised credit unions for providing alternatives to payday lending for consumers.
For News Now's coverage of the USA TODAY article, use the resource link.
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