Comments on Payday Alternative Loans (August 2018)
August 10, 2018
Federation Comments on Payday Alternative Loans, Proposed Rule, 12 CFR Part 701, RIN 3133-AE84
The Federation opposes NCUA’s proposed Payday Alternative Loans II rule and questions elaborated for a future PALs III rule, as these proposals would not expand credit opportunities to members and would blur the line between credit unions and predatory lenders.