1.0CLP Bloghttps://clpblog.citizen.orgAllison Zieverich600338<blockquote class="wp-embedded-content" data-secret="GqhjZLTUdC"><a href="https://clpblog.citizen.org/banks-plan-to-offer-payday-loans/">Banks plan to offer lower-rate “payday” loans</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://clpblog.citizen.org/banks-plan-to-offer-payday-loans/embed/#?secret=GqhjZLTUdC" width="600" height="338" title="“Banks plan to offer lower-rate “payday” loans” — CLP Blog" data-secret="GqhjZLTUdC" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); /* ]]> */ </script> Think Progress reports that traditional are planning to jump into the market for low-rate loans after the Consumer Financial Protection Bureau finalizes rules on payday and auto title lending. Relying on an American Banker article (subscription required), it says that at least three major American banks are planning to offer comparable loans at far lower [...]