Smartmoney takes a look at rising bank fees.
Filed under: Alternatives, Media | Leave a Comment »
South Dakota bank to participate in experimental payday loan program
Posted on March 31, 2008 by paydaypundit
South Dakota’s State Bank of Alcester is one of 30 financial institutions in the nation taking part in a program to encourage banks to offer consumers alternatives to payday loans.
Payday Pundit is closely watching the experimental program by the FDIC. As research has shown, banks and credit unions historically have been reluctant to offer payday loan alternatives [...]
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Witchita Eagle Gets it Wrong
Posted on March 31, 2008 by paydaypundit
The Center for Consumer Freedom responds to a recent editorial in Kansas’ Witchita Eagle.
“…The Eagle editorial ignored these critical facts while narrowly focusing an ad hominem critique on the payday industry alone. These lenders earn a mere fraction of what traditional banks make on service fees. In 2003, bounced-check and insufficient-fund fees generated $22 billion in [...]
Filed under: Media Coverage, Media Errors, Regulation | Leave a Comment »
