Do banks offer payday loans

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Nov 2, 2017 Banks should make a pledge not to offer toxic payday loans and instead join the broad coalition that is working to make consumer protection a top priority. banks to commit not to enter, or re-enter, this debt trap market, and to oppose moves like the OCC's that would make it easier for other banks to do so.

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Payday loans are made by storefront lenders, check cashers, pawn shops, credit unions, and Internet-based providers. Publication Does the payday lender have to tell me how much my loan will cost? . Banks, credit unions, and finance companies offer alternatives to payday loans, including small consumer loans.