Would a bank payday loan be any safer?

A “safer” payday loan sounds like an oxymoron. Critics have branded these notoriously high-cost loans as debt traps that cause borrowers to go ever deeper in the hole.

Thanks to a recent regulatory change, it now may be possible for banks to offer small, short-term loans that could be a lot less dangerous for borrowers. Whether banks will actually do so remains to be seen.

The right moves could save low- and moderate-income Americans billions of dollars a year. The wrong moves could create yet another sinkhole for those who are already struggling. In my latest for the Associated Press, how to avoid falling into the payday loan trap.

Tuesday’s need-to-know money news

Today’s top story: When good money advice is bad for you. Also in the news: Loyalty program overload, 4 ways socially responsible banks are good for you and your wallet, and why we stress spend during the holidays.

When Good Money Advice Is Bad for You
One size does not fit all.

Loyalty Program Overload? Here’s How to Stay Focused
Making the programs work for you.

4 Ways Socially Responsible Banks Are Good for You and Your Wallet
When your money supports a mission.

Why we stress spend during the holidays — and how to stop
Curbing impulse behavior during the holidays.

Tuesday’s need-to-know money news

Today’s top story: Confusion about overdraft coverage can cost you dearly. Also in the news: 3 reasons why college students need to submit the FAFSA every year, appealing your flood insurance claim denial, and opening a subaccount to save for an epic vacation.

Confusion About Overdraft Coverage Can Cost You Dearly
Don’t pay the bank for access to your own money.

3 Reasons College Students Need to Submit the FAFSA Every Year
Financial circumstances change.

Flood Insurance Claim Denied? Don’t Panic; Appeal
Take a deep breath.

Open a Subaccount to Save for That Epic Vacation
Get the details.

Monday’s need-to-know money news

Today’s top story: 5 debt questions you’re afraid to ask. Also in the news: The best accounts for short-term savings, the 10 most-stolen cars and the cost of theft insurance, and what happens when your bank loses a cash deposit.

5 Debt Questions You’re Afraid to Ask
We have the answers.

Best Accounts for Short-Term Savings
It depends on your timeline.

The 10 Most-Stolen Cars and the Cost of Theft Insurance
Is yours on the list?

What Happens When Your Bank Loses a Cash Deposit
Keep copies of everything.

Friday’s need-to-know money news

Today’s top story: Three student loan risks parent borrowers should avoid. Also in the news: Why you don’t have to be rich to feel good about your money, how second chance checking reopens doors to banking, and the lazy person’s guide to travel hacking.

3 Student Loan Risks Parent Borrowers Should Avoid
Be careful.

You Don’t Have to Be Rich to Feel Good About Your Money
You don’t need fancy cars and mansions.

Second Chance Checking Reopens Doors to Banking
Bringing back customers.

The Lazy Person’s Guide to Travel Hacking
Rack up miles without becoming obsessive.

Wednesday’s need-to-know money news

Today’s top story: How to read the fine print on credit card offers. Also in the news: Mistakes to avoid if you want your student loans forgiven, how to switch brokers and move your investments, and three retirement savings strategiess to use if you plan to retire early.

How to Read the Fine Print of Credit Card Offers
Paying close attention.

Want Your Student Loans Forgiven? Avoid These 4 Mistakes
Forgiveness is possible.

How to Switch Brokers and Move Your Investments
Big banking moves.

Three retirement savings strategies to use if you plan to retire early
Getting out as soon as you can.

Tuesday’s need-to-know money news

Today’s top story: 401(k) mistakes for new grads to avoid. Also in the news: 6 financial questions you’re too embarrassed to ask, why you should scatter your bank accounts, and 5 facts that prove Americans don’t know anything about managing money.

New Grads, Don’t Make These 401(k) Mistakes
Plan carefully.

6 Financial Aid Questions You’re Too Embarrassed to Ask
We’ve got answers.

Why You Should Scatter Your Bank Accounts
Don’t keep it all in one place.

5 Facts that Prove Americans Don’t Know Anything about managing money
We need to get better at this.

Monday’s need-to-know money news

Today’s top story: NerdWallet’s best credit card tips for May 2017. Also in the news: VA loan funding fees, the best banks for multiple savings accounts, and 401(k) myths you can’t afford to believe.

NerdWallet’s Best Credit Card Tips for May 2017
Which cards you should be considering.

VA Loan Funding Fee: What You’ll Pay and Why in 2017
Don’t be caught off-guard.

Need Multiple Savings Accounts? Here’s Where to Bank
Which banks offer the most bang for your bucks.

401(k) myths you can’t afford to believe
Time for some myth busting.

Tuesday’s need-to-know money news

Today’s top story: 4 ways to manage the cost of raising a baby. Also in the news: How to take advantageof post-purchase price drops, SelfScore launches rewards card for international students in the United States, and why bank tellers won’t become extinct any time soon.

4 Ways to Manage the Cost of Raising a Baby
They’re cute, but costly.

How to Take Advantage of Post-Purchase Price Drops
Getting back the difference.

SelfScore Launches Rewards Card for International Students in US
New rewards.

Why bank tellers won’t become extinct any time soon
Keeping it old school.