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RAB Research Archive

More banks are trying to get a piece of the payday loan pie



Where would you turn for some last-minute emergency cash? The answer for many in recent years has been payday lenders, and more recently, online companies have gotten in on the act. More banks are moving in that direction. U.S. Bank, a division of U.S. Bancorp recently announced “Simple Loan,” to help Americans who suddenly have to come up with cash in a pinch.

Source: MarketWatch



View or Download: https://www.marketwatch.com/story/banks-are-trying-to-get-a-piece-of-the-payday-loan-pie-2018-09-12

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