4 Tips to Avoid the Payday Loan Trap

High fees and controversial collection practices have made lenders who offer payday loans a target of regulators and consumer protection advocates. Now an unexpected source is joining the combat.Before this week, JPMorgan Chase (JPM) said that it would limit overdraft fees, resulting from payday-lender payments and make it easier for customers to close accounts and issue stop-payment orders on checks for payday loans. The move comes after a New York...