TITLE

Overdraft Rip-Off

PUB. DATE
March 2006
SOURCE
Multinational Monitor;Mar/Apr2006, Vol. 27 Issue 2, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article warns on the overdraft loan schemes of some financial institutions in the U.S. A survey conducted by the Center for Responsible Lending reveals that 16 percent of bank customers account for roughly three-quarters of all overdraft loans. Eric Halperin of the Center for Responsible Lending said that such schemes are trapping vulnerable customers in debt.
ACCESSION #
21570709

 

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