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INFLUENCE: Credit union swaps payday advances for friendlier offering

INFLUENCE: Credit union swaps payday advances for friendlier offering

INFLUENCE: Credit union swaps payday advances for friendlier offering

Credit union falls loan that is controversial after iWatch News investigation

Introduction

A Utah-based loan provider showcased prominently within an iWatch Information research of payday financing at credit unions has stopped offering the controversial loans and is rather 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 at an 876 per cent yearly rate of interest for a $100, five-day loan. Czytaj więcej O tej wersjiINFLUENCE: Credit union swaps payday advances for friendlier offering