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Tuesday, January 21, 2014
Wells Fargo to stop short-term cash-advance loans by McClatchy-Tribune
In November, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency directed banks to evaluate a customer's income, expenses and ability to pay before providing a deposit advance loan.
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Why should banks be allowed to lend to consumers at annual interest rates as high as 300%?
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Why should banks be allowed to lend to consumers at annual interest rates as high as 300%?
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