After five years of fighting for state laws on predatory lending, Superior leaders might have discovered a solution to breaking the unpredictable manner of payday loans.
It don’t result from Madison or by town decree.
The treatment originated from a credit union that is local.
By January, Superior preference Credit Union should be providing decent money loans, an item much like a quick payday loan at half the purchase price.
“It is a good private-sector response to predatory lending,” stated Superior Mayor Dave Ross. “You’re doing things that are cutting-edge when it comes to poorest borrowers in the neighborhood.”