After 5 years of fighting for state laws on predatory lending, Superior leaders might have found a remedy to breaking the unpredictable manner of payday loans.
It don’t result from Madison or by town decree.
The treatment originated from a regional credit union.
A product similar to a payday loan at half the price by January, Superior Choice Credit Union will be offering Good money loans.
„It is an excellent answer that is private-sector predatory lending,“ stated Superior Mayor Dave Ross. „You’re doing cutting-edge things right here for the poorest borrowers in the neighborhood.“