Banks may expand short-term lending to replace lost revenue

02/23/2010 | Bloomberg Businessweek

Many U.S. banks are expected to expand their short-term lending programs, which can be subject to substantial interest rates, in an effort to replace revenue lost due to regulatory curbs on overdraft fees. Fifth Third Bancorp, Wells Fargo, U.S. Bancorp and other lenders already are extending such loans, known as "checking advance products."

View Full Article in:

Bloomberg Businessweek

Published in Brief: