Bank Talk
Exploring the Finances of the Unbanked

Wall Street to Main Street: Debt Collector Portfolio Recovery Associates

May 03rd, 2013

Portfolio Recovery Associates is the nation’s largest debt collector and it could not be so without the long-time support it has received from commercial lenders at five of the country’s largest banks.

Just before Christmas, Portfolio Recovery Associates reached an agreement to borrow (more…)

   
 
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May 03rd, 2013 08:40:56

Can PiggyMojo Coax People to Save?

May 02nd, 2013

If a way to make people with prepaid cards decide to save money remains an unsolved mystery, then perhaps one solution might be to bring the reward that could come from savings into the sightlines of those individuals.

The logic behind PiggyMojo, a small company whose new savings program is (more…)

   
 
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May 02nd, 2013 07:20:23

Wall Street, Payday, and Dollar Financial

May 01st, 2013

Today’s Wall Street to Main Street connection centers on the financing of Dollar Financial.

Dollar Financial provides payday loans, pawn lending, check cashing, (more…)

   
 
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May 01st, 2013 07:57:19

Tracing Main Street Payday Loans back to Wall Street: Advance America

April 26th, 2013

Even though Advance America‘s sole business is to sell payday loans, consumer installment loans, and cash advances, the company had no trouble attracting lots of money from Wall Street.

The most recently available credit agreement announced by Advance (more…)

   
 
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April 26th, 2013 11:35:16

Wall Street and Payday: Cash America

April 24th, 2013

Cash America, one of the country’s largest providers of payday and pawn loans, has been able to borrow a lot of money from the Wall Street operations of some of our nation’s largest banks.

Recently (March 30, 2011), Cash America secured a new credit agreement that (more…)

   
 
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April 24th, 2013 08:07:03