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INFLUENCE: Credit union swaps payday advances for friendlier offering

INFLUENCE: Credit union swaps payday advances for friendlier offering

INFLUENCE: Credit union swaps payday advances for friendlier offering Credit union drops loan that is controversial after iWatch News investigation Introduction A Utah-based loan provider showcased prominently in a iWatch News investigation of payday lending at credit unions has stopped offering the controversial loans and it is rather providing a far more product that is consumer-friendly. Hill America Credit Union had provided its 320,000 member-owners a “MyInstaCash” loan that topped down at an 876 % yearly interest for a $100,…

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