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Small-dollar loans are increasingly popular. Are they a smart choice for low-income Americans?

Por: MarketWatch Business April 15, 2023

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Credit unions issued a record $227 million in small-dollar loans in 2022 through National Credit Union Administration (NCUA)’s Payday Alternative Loan (PAL) program, up 30% on 2019, according to by the Pew Charitable Trusts, a non-governmental research and public policy organization. The program started in 2010, and expanded in 2019.  “Small-dollar loans are considered a cheaper and safer alternative to products like payday loans. ”... + full article



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