Great article this morning by Beth Planakis (CU Insight)
Monday, November 13, 2017
Great article this morning by Beth Planakis (CU Insight).
Offering these types of loans is what makes credit unions unique! We can all agree on that!
However, uncertainty in the Military Lending Act (2015 Amendments) has limited the ability to extend these types of loans to military members and their families. In fact, military credit unions report an 86% decrease in these types of loans since the MLA Amendments went into effect last year.
DCUC is working to change that so military families are not excluded, or worse, seek loan products in the financially disadvantageous and unregulated world of predatory lenders as a result.