“[Unlike other types of bounced-check protection, any money lent by the bank is taken out of the consumer's next deposit. The fees and the short time given to pay back the overdraft often translate to] triple-digit interest rates, ... Banks have essentially gone into the business of payday lending.”
Ann Fox
“[Courtesy overdraft is controversial because, unlike other types of bounced-check protection, any money lent by the bank is taken out of the consumer's next deposit. The fees and the short time that's given to pay back the overdraft amount often translate to] triple-digit interest rates, ... Banks have essentially gone into the business of payday lending.”
“Money lent to a friend must be recovered from an enemy”
German Proverb
“Those have a short Lent, who owe money to be paid at Easter.”
Benjamin Franklin
“Many of our banks have lent money to Brazil, and some of those loans may not look so good today after the devaluation as they did before. so banks will be hurt, or some banks will be hurt and the stockholders in those banks will be hurt.”
Gary Hufbauer
“The money we worked hard to earn is lent to foreign countries, allowing them to earn more money. This is not as good as us using the money to buy U.S. goods directly, which can effectively reduce the (trade) deficit.”
Cheng Siwei
“Profit margins have been badly affected in some industries. Those who have lent companies money to expand will have some issues getting their money back and that means more bad loans.”
Huw McKay
