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Wells Fargo

Bank Notes: IRS, Neil Barofsky, Cash America and Wells Fargo

Adam R.'s picture

Posted December 19, 2013

IRS Delays Filing Season: The Internal Revenue Service says that it will push back the start of the filing season until January 31st, 2014. The IRS is putting this one on to Congress and there is probably some validity to that position, given that the duration of the shutdown mirrors the period of the filing delay. People will still be able to prepare their taxes, of course, but

Capital Costs Go up when Banks Walk Away from Car Title Lending

Adam R.'s picture

Posted December 12, 2013

High-cost consumer finance companies can still access capital without having to get a loan from a bank. There are other lenders out there that will meet their needs for financing. But unlike the case with banks, those other sources of credit can be very expensive.

Consider the story of TMX Finance, the parent company of TitleMax and TitleBucks. Both

Wells Fargo Inks New Commercial Payday Loan Agreement

Adam Rust's picture

Posted January 7, 2013

Wells Fargo has announced a new agreement with Dollar Financial (DFC Global Corp a/k/a Dollar Financial Corp.) to provide a non-recourse line of credit to support the firms global payday lending operation.

Dollar Financial ("DLLR") is the parent of National Money Mart Company, Instant Cash Loans Limited, and Dollar Financial, U.K.

Wells Fargo is the bank at the heart of the contract. Wells is acting as not only the

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