Mar 25, 2009 - 4:59 AM EDT
This is the first in a series of articles on the payday loan industry.
The November 2008 FDIC Study of Bank Overdraft Programs ((ODP)) proves beyond the shadow of a doubt what we've known all along: payday loans are a much cheaper short-term credit alternative than bank overdraft protection programs.
Source: Seeking Alpha (Mar 25, 2009 - 4:59 AM EDT)