Consumer advocates call them "debt" traps. The banks that offer them call them direct-deposit advances and describe them as available funds for short-term emergencies.
But the cash advances have many of the negative characteristics of payday loans. And on Thursday, U.S. bank regulators took a step toward protecting consumers from the risks they pose. The regulators proposed standards for "deposit-advance products."
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
ROBERT SIEGEL, HOST:
And I'm Robert Siegel.
In Peoria, Illinois, down the middle of Water Street, 30,000 sandbags are stacked on top of barriers. This is Peoria's new floodwall, its first ever. People started building the wall last week to hold back water from the Illinois River. This week, the river crested at an all time high.
From members station WCBU in Peoria, Tanya Koonce reports.
The U.S. military and law enforcement agencies have seen increased public scrutiny on the domestic use of the robotically piloted planes known as drones. Working on the sidelines of this debate, the U.S. Geological Survey has been trying to find a second life for retired military drones in the areas of environmental and wildlife management. Instead of watching the battlefield, these drones are watching birds.