Payday borrowers can pay hundreds in bank fees: U.S. consumer agency

Payday borrowers can pay hundreds in bank fees: U.S. consumer agency

9:32 PM
WASHINGTON (Reuters) - Online payday lenders often collect loan payments by automatically debiting bank accounts, which has put borrowers who cannot pay on the hook for almost $200 in fees and other penalties besides the costs of their loans, a U.S. agency said.


from Reuters: Technology News http://ift.tt/1ViqWcG
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