News Sources wrote an interesting post today on
Here’s a quick excerpt
One of the major criticisms of payday loans are that their rates are too high. Well, now Congress is looking at banks and their overdraft fees with the same eye. Banks call the the “service” overdraft protection. So, lets say, for example, that you go to the gas station and get a candy bar. BUT, you only have a dollar left in your checking account and the candy bar costs two dollars. Never fear! The bank will protect your overdraft by charging you a large fee-basically, an autom

Read the rest of this great post here

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