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hollysmom

(5,946 posts)

5. lets add this article on who owns payday lenders

Reply to hollysmom (Original post)

Tue Mar 1, 2016, 07:37 PM

Mar 2016

How the Major Banks Finance Payday Lending Companies

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The major banks funding payday lending include Wells Fargo, Bank of America, US Bank, JP Morgan Bank, and National City (PNC Financial Services Group).
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Wells Fargo is a major financier of payday lending and is involved with financing companies that operate one third (32%) of the entire payday lending industry, based on store locations.
All of these above mentioned banks received TARP bailout funds in 2008-09 and have benefited from accessing capital at exceptionally low interest rates from the Federal Reserve.
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Highlight:

DNC Chair Debbie Wasserman Schultz joins hands with GOP in assault on Elizabeth Warren’s consumer pr [View all] hollysmom Mar 2016 OP

Warren should have gotten behind Bernie NowSam Mar 2016 #1

Ask yourself what would happen if Warren did step into the fray. earthshine Mar 2016 #4

she _is_ being mowed down for not endorsing HRC--that's what this is about zazen Mar 2016 #6

She does all this with Obama's approval. Yes? No? earthshine Mar 2016 #2

DWS/DNC's shameless RW skullduggery makes a mockery of Clinton's "progressivism" 99th_Monkey Mar 2016 #3

lets add this article on who owns payday lenders hollysmom Mar 2016 #5

Once again, the DNC restricts the Overton Window stranger81 Mar 2016 #7

Sigh, Debster..There you have it AxionExcel Mar 2016 #8