NCUA Releases Video to Educate Consumers About Payday Loans, Alternatives
The NCUA wants the 12 million consumers that take out payday loans each year to know that there are lower cost alternatives available to them. Through a new YouTube video entitled, “Understanding Payday Loans,” the Agency hopes to educate consumers about how payday loans work and the costs involved, and to provide information about alternative short-term loan options that are available through credit unions. [7/30/15]