Small Banks Developing Ways to Compete Against Payday Lenders

Peters, Andy
March 2013
American Banker;3/28/2013, Vol. 178 Issue 48, p2
Trade Publication
The article focuses on small banks which are competing with payday lenders for small loan originations and are raising their overdraft fees. The article notes National Bank & Trust in Illinois is exploring the idea of offering lines of credit to individual clients and has a tiered overdraft fees system. It also notes First Financial Service in Kentucky has a variable overdraft fee system and One PacificCoast Bank in California has an alternative payday lending service.


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