Bankowość i finanse · 24/09/2010

NCUA Amends General Lending Rule to Allow Federal Credit Unions to Offer Short-Term, Small Amount Loans

The National Credit Union Administration (NCUA) has amended its general lending rule to enable federal credit unions to offer short-term, small amount loans as a viable alternative to predatory payday loans, with the aim of promoting thrift and meeting members' credit needs, particularly for those of modest means.