TAKE OUR CUSTOMERS, PLEASE: "These bankers are pretty honest that these are not markets they are in a position to serve," says Deborah McKetty, CEO of CommunityWorks Federal Credit Union, in reference to consumers who seek small loans.

B of A and Other Banks Back Credit Union to Solve Payday Problem

Regulatory constraints make it hard for banks to offer payday and other short-term loans, so why not refer those potential customers to credit unions who can? Some banks -- including Bank of America, TD and South State -- have decided this is a good strategy and helped start a credit union in South Carolina to do the job.

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