Banks Urged to Take On Payday Lenders With Small, Lower-Cost Loans

A new Pew report says banks and credit unions could help consumers who need fast cash. “Borrowers need a better option,” a Pew official says.. via NYT Your Money

Don’t Like Your Mortgage Servicer? Good Luck Trying to Switch

Borrowers can’t simply cut off a lender or servicer like Wells Fargo. Sound familiar? Retirement plans and student lending are like this too.. via NYT Your Money