People Union Bank in Shelbyville, Ky., is amongst the banks playing the FDIC system.
“We were simply because numerous ( of y our customers) had been likely to payday loan providers and having to pay interest that is ridiculously high and costs,” says Kimberly Davis, first vice president of marketing and item development at people Union Bank. “Our bank was seeking to take action in an attempt to assist folks from being taken advantageous asset of.”
As the small-dollar loans provided by banks like people Union through the exact exact same credit that is relaxed as conventional payday advances, they […]