Consumer advocates call them "debt" traps. The banks that offer them call them direct-deposit advances and describe them as available funds for short-term emergencies.
But the cash advances have many of the negative characteristics of payday loans. And on Thursday, U.S. bank regulators took a step toward protecting consumers from the risks they pose. The regulators proposed standards for "deposit-advance products."
New York City is notoriously crowded, and it's only getting more so. The city estimates it will have 1 million more people by the year 2030, many of them single. Where to place all these newcomers is a major challenge.
Mayor Mike Bloomberg has announced plans to put up an experimental building of micro-apartments that could be replicated throughout the city. And the Museum of the City of New York is looking at ways to make better use of the city's housing stock.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
ROBERT SIEGEL, HOST:
And I'm Robert Siegel.
In Peoria, Illinois, down the middle of Water Street, 30,000 sandbags are stacked on top of barriers. This is Peoria's new floodwall, its first ever. People started building the wall last week to hold back water from the Illinois River. This week, the river crested at an all time high.
From members station WCBU in Peoria, Tanya Koonce reports.
From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.
AUDIE CORNISH, HOST:
And I'm Audie Cornish. Has the so-called red line been crossed in Syria? Today, the Obama administration said it believes the Syrian regime has used chemical weapons and, as President Obama has said in the past, that is a red line that would trigger serious consequences. But as NPR's Mara Liasson reports, the administration says it still has to evaluate the evidence and decide what actions to take.