When President Obama was elected one of the program on his propaganda is to have the cash advance made to the next level. The Small Dollar Loan Program was the joint preposition by the President and the FDIC.
The principle behind the new FDIC program is that banks will begin offering small dollar loans to borrowers who have been turned down from the other banks they have been applied for. The APY will be lower at the banks, and the borrowers will form an association with the bank by opening a bank account and attending a financial literacy class.
After a year of President Obama's Small Dollar Loan Pilot Program, it's apparent that borrowers have a preference their cash advance online and with no strings attached.
Source: http://www.onlineprnews.com/news/13682-1260046873-the-people-have-spoken-e-cash-is-better-than-obamas-pilot-cash-advance-program.html
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