BANK TALK
Exploring the Finances of the Unbanked

Wells Fargo: National Tax Preparer

December 19th, 2011

With the latest round of re-organization at Jackson Hewitt, Wells Fargo seems destined to run the nation’s second largest tax preparation chain in the country.

When Wells purchased Wachovia, it inherited a position as the lead lender to Jackson (more…)


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December 19th, 2011 16:17:21

Big Detail from the Liberty Tax Initial Public Offering: The Instant Cash Advance

December 16th, 2011

The parent company of Liberty Tax recently announced its intention to offer to sell shares to the public. The obligatory prospectus filed with the SEC for the benefit of interested investors provides a chance to look under the hood of the nation’s third largest preparer of tax returns.

Guess what is under the hood? It turns out that a new kind of refund loan may soon be available at Liberty Tax through a (more…)


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December 16th, 2011 08:14:15

SCOTUS May Undermine Fair Housing Law

December 14th, 2011

The Supreme Court of the United States (“SCOTUS”) says it will hear a case next spring that may undercut the ability of a plaintiff to use a disparate impact claim to argue for a violation of the Fair Housing Act.

Showing disparate impact is complicated and defined through several different standards. The (more…)


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December 14th, 2011 13:00:37

Five More Facts about Prepaid Debit Cards

December 13th, 2011

Maintenance fees are a small portion of costs for active card users: When you focus on the slice of cardholders that really use these cards to their maximum capacity, then most of the fees are driven not by monthly maintenance costs but instead by things like fees for using an ATM or buying something at the (more…)


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December 13th, 2011 15:25:15

Will Private Investors Buy Manufactured Housing ABS?

December 12th, 2011

Given the intention of policy makers at the Federal Housing Finance Administration, the manufactured housing industry may have to pin its hopes for recovery on the fickle interest of private investors on the secondary market.

They may have to wait.

Since 2001, the secondary market for asset-backed manufactured housing securities has been thin. The (more…)


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December 12th, 2011 11:50:23