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  • About
    • What is Payday Lending?
    • What is Rent-a-Bank?
    • Who We Are
  • Resources
    • Latest News
    • Interactive Timeline
    • #StopTheDebtTrap Graphics
    • Comments to the CFPB
    • Borrower Stories
    • Resource Center
  • Take Action
    • Take a #StopTheDebtTrap Selfie
  • Contact Us
  • Search

Post Archive by Month

Below you'll find a list of all posts from July, 2017

Banks want in on payday lending (again!) – but the public knows better

The Center for Responsible Lending (CRL) recently issued a brief highlighting the ways in which banks abused their customers,, using a practice known as advanced deposit loans. Six banks were making predatory payday loans to their own account holders until the FDIC stopped them in 2013. Wells Fargo, US Bank, Regions Bank, Fifth Third Bank, Bank of Oklahoma and Guaranty …

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