Qubein Wows The Crowd.

The Sexy Side of Payday Loans

LAS VEGAS-During a payday lending panel at the Defense CU Council Summit at with NAFCU's annual meeting, retired Arkansas FCU CEO Hank Klein likened payday lending to sex education.

"It's just like sex education. Everyone wants the same thing. They want everyone to graduate without getting pregnant or getting STDs. Some say we should teach students abstinence. Others say, we know they're going to do it, so let's teach safe sex and hand out condoms," Klein explained. "Both groups are working toward the same end."

For CUs, it's: "Do we make [payday loans] because we're know they're using payday loans anyway? Or are …