wellsfargo

Payday Lenders Funded By Bank Of America, Chase, WellsFargo, U.S. Bancorp, Wachovia

Payday Lenders Funded By Bank Of America, Chase, WellsFargo, U.S. Bancorp, Wachovia

Seven big payday loan chains are extensively bankrolled by brand name banks. Bank Of America, Chase, WellsFargo, U.S. Bancorp, and Wachovia all extend tens to hundreds of million dollars in lines of credit to these predatory lenders who charge several hundred percent interest on cash advances, often made to the poor and uneducated.