Can Banks Help Customers Trapped In Vicious Pattern Of Payday Advances?

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  • blogicon1February 22, 2021

Can Banks Help Customers Trapped In Vicious Pattern Of Payday Advances? 12 million Americans get a quick payday loan every racking up $7.4 billion annually in expensive debt year. Relating to a report from Pew Charitable Trusts, the normal cash advance is $375, although many borrowers find yourself indebted for five months and also have to cough up $520. Can banking institutions and credit unions help customers escape the payday lending trap? (more…)