A mainstream product
October 11, 2009 | federal legislation, industry | Comments (0)From BloggerNews network:
With all of the political haggling over the payday lending industry and whether or not the payday loan is a legitimate credit option, it is certainly an interesting twist to find that some of the top banks in the nation are entering the fray by offering similar loan products to their checking account holding customers. Like the payday lending industry, reviled by consumer advocate groups and, when politically expedient, politicians throughout the nation, these short-term personal loans offered by the banks will come with triple digit APRs.
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