Everyone hates consumer lenders — politicians, consumer groups, prayer circles — except the people who use them. They tend to like the products — and favor continued access to them. And that is not, as University of Pennsylvania Professor Lisa Servon says, a symptom of...
Turns out, it’s not only big U.S. banks that are charging their customers fees. According to a Pew Charitable Trusts study, small banks are guilty as well. According to a report by The New York Times, Pew Charitable Trusts published a new report this week using...
These days, payday lending is not a subject that lends itself to much in the way of rational discourse. It does much better at attracting passionate disagreement among partisans. Opponents of the practice note that, in its most vicious form, payday lending is an expensive predatory...
June 27, 2017
Everyone hates consumer lenders — politicians, consumer groups, prayer circles — except the people who use them. They tend to like the products — and favor continued access to them. And that is not, as University of Pennsylvania Professor Lisa Servon says, a symptom of Stockholm Syndrome on behalf of the financially marginal. As it turns out, even people without a lot of money need financial services — and in many ways, non-bank players are just making a better offering.
December 22, 2016
Turns out, it’s not only big U.S. banks that are charging their customers fees. According to a Pew Charitable Trusts study, small banks are guilty as well. According to a report by The New York Times, Pew Charitable Trusts published a new report this week using secret shoppers to get information on 45 smaller financial institutions […]
