Wells Fargo, U.S. Bank to finish deposit advance loans, citing tougher legislation

Wells Fargo, U.S. Bank to finish deposit advance loans, citing tougher legislation Dealing with tough brand new laws, a few of the nation’s biggest banking institutions, including Wells Fargo, stated Friday they are abandoning a short-term, high-interest loan item that customer groups have actually called a financial obligation trap. The exit of Wells Fargo, Fifth…