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The National Credit Union Administration (NCUA) voted 2-1 to approve the final rule related to expanding payday alternative loan options (PAL II) at the September open meeting. Even though the NCUA clarified when you look at the last rule that the PAL II will not change the PAL we, the flexibleness of this PAL II will generate brand brand brand new possibilities for borrowers to refinance their payday advances or other debt burden underneath the PAL II financing model. Continue reading
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