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DURHAM, N.C. – The proliferation of overdraft loan programs has caused some consumer groups concern. According to a study from the Center for Responsible Lending, 16% of overdraft loan users account for 71% of fee-based overdraft loan fees. Repeat users are more often low-income, single, nonwhite renters and use overdraft loans as an “expensive substitute” for a line-of-credit, the study said. Some might be paying fees that can be as costly as payday loans, the group found.

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