Personal Finance Advice and Commentary

Monday, August 01, 2011 9:00 am
By Marcie Geffner · Bankrate.com

The Center for Responsible Lending has issued a scathing report charging that checking account advance loans offered by some U.S. banks are in no respect different from payday loans offered at nonbank storefronts. Here’s a summary from the July 21 report, “Big Bank Payday Loans”: While payday loans have typically been offered by non-bank payday