NCUA to Comment on DOD Credit Proposal
NCUA Chair Debbie Matz is concerned that the DODâs proposal to change the definition of consumer credit under the Military Lending Act could prevent credit unions from offering payday alternative loans. She is urging the DOD to take a closer look at the NCUAâs rule on short-term, small-amount loans as an example of what should be permitted. [11/20/14]
