Survey Shows Payday Borrowers Have No Regrets

Despite the negatives overshadowing payday lending, often seen as predatory, primarily because of high interest rates that hover around 400%, one survey paints a different picture of payday borrowers. “It is thought that the nature of the payday loan market...

Regulator’s Order Shuts Down CU’s Website

Since an Illinois regulator issued a cease and desist order last month to shut down the 1st Provision Credit Union, the supposed cooperative no longer has a site posted on the web though its Facebook page was still operating as of Thursday. The Illinois Department of...

CUs Reckoning With Advent of Apple Pay Cash

Apple’s forthcoming Apple Pay Cash will likely become the next in a long line of P2P offerings that are forcing credit unions to think about the future of their noninterest income, industry experts say.  Apple Pay Cash, which launched in public beta this...