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Hungry for Income, Banks Flirt With Payday Lending.
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- Author(s): Dougherty, Carter
- Source:
Bloomberg Businessweek. 11/5/2012, Issue 4303, p47-48. 2p. 1 Color Photograph, 6 Black and White Photographs.
- Subject Terms:
- Additional Information
- Subject Terms:
- Abstract:
The article focuses on the U.S. banking industry's entrance into payday lending. Topics include the banking industry's efforts to find alternate sources of revenue, the number of fees attached to short-term payday loans, and the impact of federal rules limiting overdraft fees. Information is provided on the revenue loss of U.S. banks in 2012.
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