Wells Fargo’s Flex Loan program is a labyrinth of unclear eligibility requirements and a baffling case of vanishing funds.
Topic: The Pew Charitable Trusts
American non-profit, non-governmental organization
Albuquerque, NM — The Pew Charitable Trusts has “archived” their Consumer Finance project and reassigned Alex Horrowitz as Project Manager of their Housing Policy Initiative. Earlier this year, the Pew Charitable Trusts released a study that claimed that six of the eight largest banks now offer affordable small loans. In another study, Horowitz wrote: “Pew’s […]
Originally published at realclearmarkets.com on June 21, 2023 In New Mexico, an interest rate cap on specialized emergency loans when into effect in January. Since then, big-bank promoters have endorsed the small-dollar short-term loan products offered by U.S. Bank, Bank of America, Wells Fargo, Huntington Bank, and others as alternatives. Recently, those same activists have thrown in support for […]
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Report: No Loan for You, Too!
The unintended consequences of price controls on consumer access to credit.
Local- and state-government employees need a dose of reality.
We tested the prediction that banks will step in when payday lenders face restrictions. They didn’t want our business.
How the war on specialized emergency loans has hurt New Mexicans.