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Big Banks Have Found Another Way to Rip You Off


Business  (tags: bank of america, banks, big banks, business, economy, jpmorgan chase, main street money, payday lenders, payday loans, predatory lending, predatory loans, short-term loans, wall street, wells fargo )

Judy
- 549 days ago - truthdig.com
Meet the major banks' newest partner: payday lenders! These are the owners of those check cashing stores that offer short-term loans with interest rates that sometimes exceed 500 percent.



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Comments

Many Feathers (134)
Monday February 25, 2013, 7:14 am
this is a real problem and getting nworse
 

Anna M. (18)
Tuesday February 26, 2013, 11:39 am
outrageous. criminal. sadly I am not surprised.
 

Lois Jordan (55)
Tuesday February 26, 2013, 1:21 pm
Noted. Thanks, Judy.
The inmates are running the asylum. Will it never end?
 

Past Member (0)
Tuesday February 26, 2013, 1:26 pm
For a real economic solution, please sign;
https://petitions.whitehouse.gov/petition/economic-and-national-security/xM2Xr5w1
http://www.thepetitionsite.com/257/834/410/economic-security/
 

Birgit W. (144)
Tuesday February 26, 2013, 4:01 pm
What else is new?
 

Judy C. (106)
Wednesday February 27, 2013, 12:10 am
Robert, that's a great petition. I signed both the whitehouse.gov one and the one on the petition site.
 

Charlie Rush (53)
Wednesday February 27, 2013, 5:20 pm
Speculating on the type of person who uses these payday loan stores, is fruitless.
If it is used for tax evasion, I get it, whether I like it or not.
It if is used due to a lack of knowledgeable math knowledge, there is no excuse.

The fact that big banks are now making money from this practice, is nauseating.
 
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