A new documentary takes at look at overdraft and bounced check charges.
According to Bankrate.com, the average NSF fee is now $28.23 and the average overdraft protection fee is $29.00.
Knowing that those fees hit whether the overdraft is for $3 or $300 and that the fee for a payday loan is typically $15-$17 per $100…it becomes very [...]
Filed under: Uncategorized | Leave a Comment »
The Heartland Institute, a national nonprofit research and education organization based in Chicago, offers their perspective on payday loans.
“While payday loans are controversial, they serve an important purpose in the market: to provide short-term emergency loans when other sources of financing are unavailable. These loans clearly are more desirable than bounced checks and late fees, which [...]
Filed under: Industry, Regulation | Leave a Comment »
One of the comments in response to this Denver Post op-ed raised the old canard about payday lenders “targting” certain neighborhoods. This was the next response:
”Payday loan companies pop up in markets where there is demand for them. Using your logic, I guess I could say that BestBuy pops up in my neighborhood to prey on those [...]
Filed under: Media, customers | Leave a Comment »
At least in India. The Pundit missed this interesting story that came out of India on Wednesday. The Central Bank has banned ATM fees. Surprise, the people don’t like paying them. Now the bankers are complaining that they’re losing money. While the West has had ATMs for 30+ years, they are just starting to spread across much [...]
Filed under: Alternatives, Industry | Leave a Comment »
