The Wall Street Journal has a story that is fascinating the leading page in regards to the operations of banking institutions found inside Wal-Mart— while not actually given that the reporters still find it interesting. The writers believe that it is interesting as exposing nefarious practices by these banks, which generate large overdraft protection fees and (it is implied) exploit consumers because they see it. In fact, the genuine story is precisely the opposite–it is compelling proof of exactly just how consumers use alternate credit services and products, and We suspect, compelling proof of the unintended consequences of federal federal government legislation of credit rating items. See change below.
In a write-up that previous Comptroller associated with the Currency Robert Clarke and I also published into the autumn, we talked about in more detail exactly just how customers utilize bank overdraft security and lending that is payday your competition involving the two items. Read More — Wal-Mart banks, overdraft security, and customer rationality
Wal-Mart banks, overdraft security, and customer rationality The Wall Street Journal has a story that is fascinating the leading page