Regulators are cracking down on payday loans, and that could give banks an unprecedented edge in the business.

The Consumer Financial Protection Bureau has begun examining payday loans, and the Federal Deposit Insurance Corporation has raised concerns over deposit advances, a similar product offered by a handful of banks, including Wells Fargo (WFC), U.S. Bancorp (USB), Fifth Third Bancorp (FITB) and Regions Financial (RF).

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