FDIC to look at payday lending by banks

FDIC to look at payday lending by banks

There are 2 comments on the Star Tribune story from Jun 2, 2012, titled FDIC to look at payday lending by banks. In it, Star Tribune reports that:

The Federal Deposit Insurance Corp. plans to investigate claims that U.S. banks are offering products resembling so-called payday loans faulted by regulators for taking advantage of lower-income borrowers.

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Since: Jun 12

Naga City, Philippines

#1 Jun 7, 2012
To be able to make sure payday cash advances are fair for both customers and lenders, the Federal Deposit Insurance Corporation will be doing an investigation. The federal government has heard enough complaints about the loans to have a look and see what is happening. Both personal loan companies and banks will be looked at in the investigation to make sure practices are fair. Get more info at:[url=https://personalmoneyn etwork.com/payday-loans/]Payda y Loan[/url].
Online banking
#2 Aug 16, 2012
I also heard this news but is it fair for both customers and banks also?? http://www.axisbank.com

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