After 5 years of fighting for state laws on predatory lending, Superior leaders could have found a remedy to breaking the spiral that is downward of loans.
It don’t result from Madison or by town decree.
The treatment originated in a credit union that is local.
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 a good private-sector response to predatory lending, » stated Superior Mayor Dave Ross. « You’re doing cutting-edge things right here for the poorest borrowers in the neighborhood. »