Term: Cash A
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Are Banks Getting Out of Short-Term Loans?

By Steven Shaw on 2/3/2014

Are Banks Getting Out of the Payday Loan Business? 

Quick-fix credit products have been under scrutiny in recent years, and the Consumer Financial Protection Bureau has studied how payday loans lead consumers into cycles of overwhelming debt. Deposit advances are similar in that they allow a bank customer to take out a small, short-term loan to make ends meet until their next paycheck hits their account (that direct deposit pays for the advance).

Cash A
Direct Deposit Advance
payday lender
payday loans
Short-Term Loans