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Prefer payday lenders to banks?

October 1, 2008 | Alabama, customers, industry, media coverage, states | Comments (0)

Do any reporters who cover this issue know what they’re talking about?  From a story out of Alabama: 

Trying to form relationships with potential customers who prefer payday lenders and pawn shops to traditional banks was the topic of a daylong forum that brought about 70 Alabama Black Belt bankers to Mobile on Tuesday.

Payday lending customers, of course, already have bank relationships.  

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