Expensive Bank Payday Advances Criticized in Report

Expensive Bank Payday Advances Criticized in Report

A number of the nation’s largest banks continue to offer pay day loans, pitched as advances on direct-deposit paychecks, despite growing scrutiny that is regulatory mounting critique concerning the short-term, high-cost loans.

The findings, outlined in a written report by the middle for Responsible Lending become released on Thursday, give you the latest glimpse to the techniques that banks are aggressively utilizing to make brand brand new income. Continue reading “Expensive Bank Payday Advances Criticized in Report”