Payday Pundit

First of all, only 30 banks, generally small local ones at that, have signed up for the program.  Second, when customers find out all the strings attached to getting a short-term loan from one of these banks–application fees, minimum balances in a savings accounts, complicated fee structures–they will decide that a payday loan is a better deal.  In any case, the market will decide.

This Kansas City Star story has more.