Dave Adams may be the CEO associated with Lansing-based Michigan Credit Union League and Livonia-based CU Solutions Group
Could you name the industry that boasts more storefronts nationwide than McDonald’s and Starbucks? The clear answer may shock you — oahu is the payday financing industry.
In Michigan, near to 600 payday financing storefronts each problem about 3,000 loans each year, creating $935 million in annual income statewide.
That money comes at a top expense to customers such as for example Kathy from Lansing. Healthcare bills and a disabled partner left her needing cash that is extra. She visited the only real destination she thought would provide her that loan — a payday lender. 继续阅读