Report: Wells Fargo, US Bank face query over checking account rates Bizjournals.com, NC The banks maintain that the loans give customers access to emergency credit, and theyre usually repaid within weeks. "We believe Direct Deposit Advance is a less expensive alternative to a payday loan," said Jim Seitz, a Wells Fargo spokesman, ...
Payday Lenders with Ties to Tribes Dodge State Regulators Los Angeles Business Journal, CA For three years, the state Department of Corporations has been trying to force these Internet-only businesses to adhere to the same rules that govern the state-licensed payday loan stores that offer short-term, unsecured loans of up to $300. ...
