Each time if the item is returned unpaid, the payday lender may resubmit the request again and again, triggering a returned item fee.

Each time if the item is returned unpaid, the payday lender may resubmit the request again and again, triggering a returned item fee. The ensuing cascade of RDFI costs quickly produces a higher balance that is negative the borrower’s account. Regardless of if the payday loan provider complies with NACHA reinitiation limits governing ACH debits…