DES MOINES, Iowa – Coopera is hosting a webinar on May 13 to provide credit unions with insights on why underserved members are drawn to predatory loans, which is likely to be a growing issue as unemployment rises during the pandemic.
Coopera noted that predatory lenders generally target minorities, financially uneducated individuals and those who are in need of immediate cash for unforeseen emergencies and do not qualify for conventional loans.
“Underserved and immigrant communities are prone to be drawn to predatory loans when unexpected expenses arise,” the company stated.
Coopera is teaming up with the CUSO QCash Financial to host the free, one-hour webinar titled, “Improving Financial Wellness by Bridging the Loan Gap.” The May 13 webinar will begin 12 p.m. ET. Coopera CEO Víctor Miguel Corro will host the webinar with guest Ben Morales, CEO of QCash Financial.
Participants must register for this webinar online by May 12.