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Debt / Economics / Credit / Payday loan / Personal finance / Banking / Payday loans in the United States / Community Financial Services Association of America / Financial economics / Finance / Loans


Big Bank Payday Loans: High-interest loans through checking accounts keep customers in long-term debt Rebecca Borné, Joshua Frank, Peter Smith, and Ellen Schloemer
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Document Date: 2011-12-05 11:56:40


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Company

San Francisco Chronicle / None Big Bank Payday / Non-bank Payday Loan Bank / Lightspeed Research Inc. / Big Bank Payday / Borrowers Bank Payday / Payday Loan Bank Payday / /

Country

United States / /

Currency

USD / /

Event

Funding / M&A / /

IndustryTerm

federal law / bank customers / state law / bank / consumer finance loans / loan software / bank direct access / bank branches / balloon repayment product / bank regulator / few mainstream banks / loan product / /

Organization

National Credit Union Administration / Comptroller of the Currency / Congress / Center for Responsible / Center for Responsible Lending / FDIC / /

Person

Peter Smith / Rebecca Borné / Joshua Frank / Ellen Schloemer / /

Position

Rochdale Securities analyst / representative / /

ProvinceOrState

Ohio / Montana / Arizona / /

PublishedMedium

San Francisco Chronicle / /

URL

www.responsiblelending.org / /

SocialTag