Category Archives: America Advance Payday Loans

Payday Alternative Loan Rulemaking (PALs We Rule)

Payday Alternative Loan Rulemaking (PALs We Rule) The PALs I rule in 2010, the Board amended the NCUA’s general lending rule, В§ 701.21, to provide a regulatory framework for FCUs to make viable alternatives to payday loans. 9 The PALs I rule, В§ 701.21(c)(7)(iii), permits an FCU to offer to its people a PAL loan, […]

Let me make it clear about GUEST EDITORIAL

Let me make it clear about GUEST EDITORIAL A guest that is recent when you look at the Sarasota Herald-Tribune (“Financial regulators are paving the way in which for predatory lenders,” Sept. 2) mischaracterized Florida’s consumer-friendly regulations for short-term loans, distributing tired urban myths about a method that includes worked well for millions of Floridians. […]