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Big banking institutions help payday lenders offer fast money at high rates

Big banking institutions help payday lenders offer fast money at high rates

Bay area has 32 of California’s a lot more than 2,000 pay day loan outlets. Picture by Jason Winshell/Public Press

COMPANY: Wells Fargo, Credit Suisse among biggest backers of lucrative low-finance organizations

Even while the Occupy bay area encampment during the base of marketplace Street indicated outrage at big banking institutions and high finance, it stayed company as always at a few of the city’s less glamorous financial establishments.

High-interest, unsecured “payday” loans are readily available at 32 establishments along marketplace Street as well as in low-income communities across the town. Continue reading Big banking institutions help payday lenders offer fast money at high rates