Find out about payday alternative loans, short-term lending options at NCUA webinar

The NCUA is hosting a webinar at 3 p.m. on Nov. 16 for credit unions interested in offering payday alternative loans or other forms of short-term lending.

Participants will hear from staff from the NCUA’s Office of Consumer Financial Protection and Office of Credit Union Resources and Expansion, who will discuss how credit unions can offer responsible small-dollar loans to help members meet temporary cash-flow needs and transition into mainstream financial products.

The webinar is open to credit unions and parties interested in working with credit unions to expand access to safe and affordable short-term lending options. The webinar aims to reinforce the NCUA’s commitment to expand the availability of safe and affordable credit to meet the needs of diverse and underserved communities as part of its financial inclusion initiative, ACCESS: Advancing Communities through Credit, Education, Stability and Support, according to the agency.

To register for the webinar, “PALs and Short-Term Lending,” click here. To find out more about the ACCESS initiative, click here.

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