Without a doubt about Some major banks will not provide advances that are payday-like

Without a doubt about Some major banks will not provide advances that are payday-like

A Wells Fargo bank in Woodbury, Minn.

The high-cost, quick-fix deposit advance loans provided by some banking institutions will likely to be discontinued in 2014 after customer advocates dubbed the merchandise as financial obligation traps.

At the time of Saturday, both Fifth Third Bank and Wells Fargo, which had clients in Michigan, will place limitations on new clients signing up for deposit advance services and products. Continue reading “Without a doubt about Some major banks will not provide advances that are payday-like”