New York Sunday Times Payday Loan Story

Published: Sun, 02/24/13

,

Jessica Silver- Greenberg at The New York Times breaks another
insightful story:

http://www.nytimes.com/2013/02/24/business/major-banks-aid-in-payday-loans-banned-by-states.html?smid=pl-share
payday loan industry's incestuous relationship with banks. I would
point out that several banks, in addition to providing credit lines
and mezzanine capital to payday loan direct lenders, offer payday
loan products to their customers having direct deposit of their
payroll check:
http://paydayloanindustryblog.com/fdic-looks-at-bank-payday-loan-styled-products/