Online Payday Loan Payments: ACH, NSF and Payments

In this report, the CFPB uses checking account data from several large depository institutions to analyze ACH payment requests by a number of lenders that make (or made) online payday or other high-cost online loans with payments scheduled on a borrower’s payday.Read More Here: http://files.consumerfinance.gov/f/201604_cfpb_online-payday-loan-payments.pdf

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