The Pennsylvania model on payday alternatives has now become something for banks to look at, according to the FDIC which in a rare step invited officials of the Pennsylvania Credit Union Association and NCUA to discuss Better Choice.

Appearing at an Oct. 22 Washington hearing on payday products banks might offer “on a profit basis” were Michael Wishnow, senior vice president of communications and marketing at the PCUA, and NCUA Staff Attorney Justin Anderson, who did not speak at the session.

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