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Major Banks Aid in Payday Loans Banned by States

Major banks have become behind-the-scenes allies of Internet-based payday lenders that offer loans with interest rates that can exceed 500 percent. [Source]

Publication Date:

Origin: nytimes.com

Category: United States

Topics: Major, percent, exceed, rates, interest, loans, offer, lenders, payday, Internet-based, allies, behind-the-scenes, become, banks, States, Banned, Loans, Payday, Banks

Source: http://www.nytimes.com/2013/02/24/business/major-banks-aid-in-payday-loans-banned-by-states.html?partner=rss&emc=rss