http://paydaypundit.org/2008/06/25/apr-doesnt-provide-a-clear-picture-of-the-product/ News and Information About The Payday Lending Industry Tue, 22 Jun 2010 01:27:53 -0700 http://wordpress.org/?v=2.9 hourly 1 http://paydaypundit.org/2008/06/25/apr-doesnt-provide-a-clear-picture-of-the-product/comment-page-1/#comment-369 A Hazlett Wed, 25 Jun 2008 18:40:50 +0000 http://paydaypundit.org/?p=751#comment-369 Duh - Isn't that what Payday lenders have been saying all along. APR doesn’t provide a “clear picture of the product. Now the banks know what the payday loan companies are up against and why can the banks avoid quoting APR when overdraft protection is very similar to a payday loan. Duh – Isn’t that what Payday lenders have been saying all along. APR doesn’t provide a “clear picture of the product. Now the banks know what the payday loan companies are up against and why can the banks avoid quoting APR when overdraft protection is very similar to a payday loan.

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