The NCUA board will vote on the its final Payday Alternative Loan (PAL) rule, among two other finals rules, at its Sept. 19 meeting. The meeting will take place at 10 a.m. ET at NCUA’s Alexandria, VA, headquarters, and will be streamed online.
NCUA’s PAL proposal would create an additional PAL option, PAL II. The new loan type would not replace the current PAL I loans.