Banks charge about $10 for every $100 that a customer borrows through banks' payday loans, which have average interest rates up to 300%, according to a report from the Center for Responsible Lending. Analysts say the fees are a way for banks to make up for billions of dollars lost through new regulations. The report says that tapping directly into a consumer's account for payments can quickly put low-income borrowers in more difficult financial straits with overdraft fees.

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