ALEXANDRIA, Va. – NCUA said it will host a webinar today for credit unions interested in offering payday alternative loans (PALs) or other forms of short-term lending.
The agency said the information presented in its webinar reinforces its 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, ACCESS: Advancing Communities through Credit, Education, Stability, and Support.
Registration for the webinar, “PALs and Short-Term Lending,” is now open online here. It is scheduled to begin at 3 p.m. ET and run approximately 60 minutes. Participants will be able to log into the webinar and view it on their computers or mobile devices using the registration link. They should allow popups from this website, NCUA said.
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.
How to Submit Questions
Participants can submit questions anytime during the presentation or in advance by emailing WebinarQuestions@ncua.gov. The email’s subject line should read, “PALs and Short-Term Lending.” Please email technical questions about accessing the webinar to audience.support@on24.com. This webinar will be closed captioned and archived online approximately three weeks following the live event, NCUA said.