COLUMBIA, Md. – One credit union league, Maryland/D.C., has already signed up and another, Wisconsin, looks ready to jump on the StretchPay bandwagon in offering a payday loan alternative through an Ohio CUSO.
The Maryland/D.C. Credit Union Association said last week it will "roll out" the Ohio product to its members within the next two weeks with a handful already making the commitment by a program buy-in.
The program offering low rate small loans was put together by Dayton, Ohio CUs guided by Filene Research Institute under its Real Solutions Low Wealth Households venture.
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