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Banks Come Under Fire For Completing The Cash Advance Gap

  • date
  • March 25, 2021

Banks Come Under Fire For Completing The Cash Advance Gap A pay day loan is a high priced type of credit working in the fringes associated with the economy. That is why the mark of a crackdown that is new federal regulators may shock you: rather than a forlorn-looking storefront having a garish neon indication, it is your familiar neighbor hood bank. A tiny but growing quantity of banking institutions, including some major players, have already been providing the same in principle as payday advances, calling them "deposit improvements." That is, at the very least, until bank regulators stepped...

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