Not sure what else we can call them anymore, but I guess if we lower their taxes so they can be more competitive in the global marketplace, everything's going to work out fine:
Some of the nation’s largest banks are providing short-term loans with interest rates of up to 300 percent, driving borrowers into a cycle of debt, according to a new report from the Center for Responsible Lending.---Baron VThe study, due out Thursday, gives an updated look at the perils of advance-deposit loans offered by Wells Fargo, U.S. Bancorp, Regions Bank, Fifth Third Bank, Guaranty Bank and Bank of Oklahoma. Banks bristle at comparisons to storefront payday lenders, but researchers say their products carry the same abusive high-interest rates and balloon payments.
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