In the News

Time.com — Consumers who use online payday lenders may be taken advantage of twice: first, by the lenders’ triple-digit interest rates that flout state caps, then with fees tacked on by the borrowers’ own banks.

The Guardian — I have a friend who is quite rich. Like a lot of rich people, he’s very careful with his money, by which I mean that he’s constantly shifting it around to make sure it’s maximizing its potential.

Mint Press — The battle over payday loan operations is growing, as America’s largest banks engage with the service, providing the link needed to debit accounts, even in states where payday loan operations are banned.

New York Times — Major banks have quickly become behind-the-scenes allies of Internet-based payday lenders that offer short-term loans with interest rates sometimes exceeding 500 percent.