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Payday Lenders Are Making Bank on High-Interest Products – Helping to drive those gains are a raft of new financing products that carry the same ultra-high interest as payday loans. But, because of their length, size or structure, these offerings aren’t.
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A major bank is offering payday-style loans. Will others follow suit? – U.S. Bank says it will offer nearly instant small loans to its customers, becoming the first bank to provide such a product since federal regulators cleared the way earlier this year amid continuing.
Banks Come Under Fire For Filling In The Payday Loan Gap – A small but growing number of banks, including some major players, have been offering the equivalent of payday loans, calling them "deposit advances." That is, at least, until bank regulators stepped.