Wells Fargo, U.S. Bank fall pay day loans

Wells Fargo, U.S. Bank fall pay day loans Wells Fargo & Co. and U.S. Bancorp are dropping their deposit advance items, payday-like loans with yearly portion prices over 200 %, bowing to stress from bank regulators and critique from customer advocates that the loans are really a financial obligation trap....

Democrats Seek Research Towards Claims of Meddling at Customer Bureau

Democrats Seek Research Towards Claims of Meddling at Customer Bureau A memo from a customer Financial Protection Bureau worker whom described stress by governmental appointees more than a payday financing guideline prompted lawmakers’ request. Democratic lawmakers called on Friday for the investigation that is formal allegations that President Trump’s governmental...