Exploring the Reasons Why Cash Advance Users Are Leaving Banks
Exploring the Reasons Why Cash Advance Users Are Leaving Banks
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Banks are now facing a structural challenge that’s causing deposits to fall faster than they should, and they’re not entirely sure why. Bank overdraft fee stories make headlines all the time, but there’s another less obvious but serious issue: changes in customer behavior, including cash advance customers, shifting to other sources of financial services. What’s interesting is that it’s not about rates or fees alone. […]


