A Small Victory Against Predatory Lending? Regions Discontinues Payday Loan Product

Good News- Now we’re just waiting to hear from Wells Fargo and US Bank about their plans with their version of these high-interest loans.

Consumerist

regionsIt’s only a small victory in the battle against predatory loans, but there’s now one less bank offering a high-risk payday lending product to consumers. Regions Bank has closed the door on its payday loan-esque deposit advance product.

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