Comment of the Day
July 1, 2009 | Uncategorized | Comments (0)Banks have a provision for loan losses 1-2%. The don’t have the appetite, for risk, to offer payday loans as a main product line. Besides, they’re too busy collecting the easy money – overdraft fees.
These groups do their research, dance around the topic and when it comes down to a solution; it’s never realistic.
If the country put a cap on the price of cars, it would suck all the competition out of the market and fewer cars would get sold. The same would happen to lending.
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