Payday Loans: Large Banks Push High-Interest Loans On Their Customers

11/09/2009 05:12 am ET | Updated May 25, 2011
  • CHRIS SERRES, Star Tribune startribune.com

A few of the nation's largest banks -- including Minneapolis-based U.S. Bancorp, Wells Fargo & Co. of San Francisco, and Fifth Third Bancorp of Cincinnati -- are now marketing payday loan-type products, with triple-digit interest rates, to their checking account customers.

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