U.S. PIRG Consumer Blog: Nobel Peace Prize to small loan pioneer Yunus

Just a thought: Now that Bangladeshi economist Muhammad Yunus and his Grameen Bank have been deservedly awarded the Nobel Peace Prize "for their efforts to create economic and social development from below," will U.S. banks and credit unions wake up and do a better job of offering fairly priced loans and overdraft protection to American consumers being ripped off by both their own shoddy "bounce protection" products as well as by the payday lenders and other loan sharks out there? From the Nobel Committee: MORE:

Loans to poor people without any financial security had appeared to be an impossible idea. From modest beginnings three decades ago, Yunus has, first and foremost through Grameen Bank, developed micro-credit into an ever more important instrument in the struggle against poverty. Grameen Bank has been a source of ideas and models for the many institutions in the field of micro-credit that have sprung up around the world.
Every single individual on earth has both the potential and the right to live a decent life. Across cultures and civilizations, Yunus and Grameen Bank have shown that even the poorest of the poor can work to bring about their own development.