Archive for March, 2015

Wells Fargo Pulls Back from Subprime Auto Lending (2015-3-25)

For years now, Wells Fargo has been one of the largest providers of subprime auto loans. It appears, however, that the financial giant is trying to distance itself from the very market that brought it so much business over the years. This move is sending shockwaves that are being felt all throughout the entire auto […]

Bill to Fix Payday Lending Glitch Rejected by Lawmakers (2015-3-4)

A Hinds County Democrat, Representative Adrienne Wooten, led an unsuccessful bid, once again, to repair a glitch in a payday lending law in Mississippi. This law was slated to give borrowers a longer repayment term of 30 days to repay loans that exceeded $250. As it now stands, borrowers have two weeks to repay loans […]