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NCUA approves ‘PALs II’ allowing payday-alt loans as much as $2,000 for one year

NCUA approves ‘PALs II’ allowing payday-alt loans as much as $2,000 for one year Federally credit that is chartered will likely to be allowed to give their people “payday alternative loans” (PALs) of every quantity as much as $2,000, fully amortized over a term of 1 to one year, under your final guideline authorized Thursday on a 2-1 vote by the nationwide Credit Union management (NCUA) Board, with Board Member Todd Harper dissenting The rule…

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