The thing is though, everyone now calculates that lending fee as an annual charge, as an APR.

FORBES: Why Payday Loans Are So Expensive

This notion that somehow lending won't happen because of this fee, it's the craziest argument I've ever heard.

WHITEHOUSE: Press Briefing

There were some lobbyists in the newspaper today made the argument that this fee accounted for 10 times that in lending.

WHITEHOUSE: Press Briefing

So the income the fund would be entitled to from securities lending is foregone in exchange for a lower custody fee expense.

FORBES: New SEC Action: More Brokerage Disclosure to Confuse Mutual Fund Investors (April 1, 1996)

In the past quarter the bank's fee income grew by 36%, much faster than income from lending, as investments in asset management, insurance and stockbroking began to pay off.

ECONOMIST: American banks

Every time a consumer makes a transaction using cards a transaction fee is charged to the merchant, a significant portion of which (the interchange fee component) is passed on to the card-issuing bank to compensate for the risk associated with lending and to fund membership reward programs.

FORBES: American Express Could Fall To $40 On Antitrust Worries