Mainstream banking institutions have played a huge part in the expansion of payday financing throughout the country

Mainstream banking institutions have played a huge part in the expansion of payday financing throughout the country

The Role of Mainstream Banks

A 2010 article when you look at the Wall Street Journal claimed that lots of banking institutions, including banking institutions which had gotten bailout funds through the authorities, had mainly refused to provide cash to people or small enterprises. Having said that, payday lenders usually gotten substantial loans because of these institutions that are financial. Continue reading “Mainstream banking institutions have played a huge part in the expansion of payday financing throughout the country”