Rent-a-Bank Payday Loans Have Highest Loss Rates in Banking System

Retrieved on: 2022-06-23 17:23:41

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Payday loans in the United States

The Federal Deposit Insurance Corp

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Rent-a-Bank Payday Loans Have Highest Loss Rates in Banking System. View article details on HISWAI: https://www.pewtrusts.org/en/research-and-analysis/articles/2022/06/23/rent-a-bank-payday-loans-have-highest-loss-rates-in-banking-system

Excerpt

These loss rates resemble the rates of online nonbank payday loans, which are based on the payday lenders' business model of high customer ...

Article found on: www.pewtrusts.org

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