Payday Lenders - Purely Evil, or Filling a Market Need? - Best Innovation Group > Media > BIGcast

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BIGcast

19Jul

Payday Lenders - Purely Evil, or Filling a Market Need?

John and Glen get rather emotional- too emotional?- discussing the world of payday lending and how credit unions can deliver better solutions to address such unfortunate real-world needs.

 

Links related to this episode:

 

Bizfluent’s tips on how to start a payday loan business (Glen’s favorite: “consider hiring a lawyer”):  https://bizfluent.com/how-2309948-start-payday-loan-business.html

Debt.org’s more objective overview of the payday lending space: https://www.debt.org/credit/payday-lenders/

MindYourDecisions’ article demystifying site location: https://mindyourdecisions.com/blog/2012/10/23/why-are-mcdonalds-and-burger-king-usually-located-near-each-other-fast-food-location-game-theory/

QCash’s credit union-centric “Life Event Loans” product: https://qcashfinancial.com/

 

Demystify your members’ use of crypto- contribute anonymized data to BIG’s industry-wide effort tracking deposit outflows to crypto exchanges. Participating CUs will receive a complimentary report comparing their members’ activity to industry averages:   https://www.cucrypto.report/

Follow the Best Innovation Group on Twitter: @bigfintech

Follow Glen on Twitter @154Advisors

Follow John on Twitter @jbfintech

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