Letter to NCUA Chairman Metsger on CFPB Small Dollar Rule

In this letter to Chairman Rick Metsger, we urge the NCUA to carefully consider how the CFPB's proposed rule on payday/small dollar loans could harm credit union members and make it difficult for credit unions to serve as the solution for consumers. Attached to this letter is our summary of how the rule would effect the existing Payday Alternative Loan (PAL) program. 

Comment to CUNA Staff Provide feedback here
Agency/Entity National Credit Union Administration
Agency Comment Deadline 09/30/2016