CUNA to Analyze Short-Term, Small Dollar Loan Proposal Drafted by the CFPB
With the potential to increase regulatory burden on credit unions, the CFPB's new proposal for short-term. small dollar loans will definitely affect credit unions' Payday Alternative Loans (PALs) programs. As president and CEO of Kinecta FCU Keith Sultemeier said, "We will never remove the need of this product, a balance between access and consumer protection must be achieved." [6/3/16]


