A webinar for credit unions interested in offering payday alternative loans or other forms of short-term lending is scheduled Nov. 16 by the National Credit Union Administration (NCUA), and registration is open now.
The NCUA said in a release Friday that information provided in the webinar will “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 NCUA’s financial inclusion initiative,” which it has dubbed “ACCESS: Advancing Communities through Credit, Education, Stability, and Support.”
The Nov. 16 webinar, “PALs and Short-Term Lending,” is scheduled to begin at 3 p.m. ET and will run for about one hour. Staff from the NCUA’s Office of Consumer Financial Protection and Office of Credit Union Resources and Expansion 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 agency said.