Payday lending, DACA, cannabis business banking and the NCUA's budget increase were at the center of reader's comments on cutimes.com this past week. Here's what they had to say.
"CFPB Putting a Stop to 'Payday Debt Traps' With New Rule," Oct. 5
The only reason most CUs qualify as "payday alternative loans" is that they can only meet a fraction of the demand for payday loans without going broke. There's no question CUs offer a better product; the only issue is the scale of making loans like these to everyone who needs it. Let's face it, this is an expensive undertaking!
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