New Orleans Payday lenders could not operate without the collaboration of the big money center banks. They are financiers providing the dollars being lent in predatory fashion to desperate lower income families. They are also the loan collectors by facilitating drafting from borrowers’ accounts to service the loans for the payday lenders, sometimes on multiple …
Tag: JPMorgan Chase
Bank Overdraft Fees
Dauphine Island Despite the federal investments in banking now, many of the biggest seem to be accelerating predatory practices particularly around fees. During normal times working families stretching every penny to pay bills will occasionally bounce a check. Who hasn’t? Banks seem to in fact count on us bouncing some checks in order to balance …