New York Times: Banks Enable Payday Loans

Jer Ayler - TrihouseJessica Silver-Greenberg at The New York Times breaks another insightful story focused on the payday loan industry’s incestuous relationship with banks. I would point out that several banks, in addition to providing credit lines and mezzanine capital to payday loan direct lenders, offer payday loan products to their customers having direct deposit of their payroll check: Banks Offer Payday Loans.

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