Which is more expensive for low-credit consumers — the daily cost of a short-term loan or a bank overdraft fee? The answer may surprise you.
This commentary is available in the Inside Sources.
Nate Scherer is a Policy Analyst with the American Consumer Institute where he researches and writes about a diverse range of consumer issues. He previously served as a Policy Analyst at the Reason Foundation and has also worked for several other nonprofits including the Texas Public Policy Foundation and the Leadership Institute. More recently, he worked an educator for Fairfax County Public Schools and performed research for Georgetown University’s Edunomics Lab. He possesses a Master of Arts in Teaching in Secondary Education, Social Studies, and has a Bachelor of Arts in Politics. He currently resides in Falls Church, VA.