National surveys show consumers’ mood is brightening, and it’s not just holiday cheer. The more positive outlook has a lot to do with the steep drop in gasoline prices since last summer. 2015 holds the promise of more price relief not only at the gas pump but also at grocery stores.
Credit Unions Look to Fill In Gap if Payday Lenders Leave Ohio
Listen to the Story
The payday lending industry is threatening to pull out of Ohio after passage of tough new regulations covering short term loans.
Now, at least two dozen credit unions are preparing to fill in the gap by offering an alternative they call “stretch pay.”
Members have access to $250 line of credit for an annual fee of $35 and lower interest rates than those of payday lenders.