Hand in Hand in Hand in DOOM

Check out this fun doomweb from a wonderfully titled report, "The Predators' Creditors," which was published in September by National People's Action.  It outlines how big banks fund big payday lending and check cashing companies.

source: National People's Action

As you can see from the image, Wells Fargo is preeeeetty evil.  From their summary: "Wells Fargo is the biggest single enabler of payday lenders, the report finds, followed by Bank of America, JPMorgan Chase, US Bank, Banco Popular and Wachovia. Wells Fargo finances about one-third of this predatory industry based on SEC and other government filings from public companies only.

"Bank of America and Wells Fargo, specifically, played a crucial role in the rise of the largest payday lender, Advance America, which operates more than two times as many storefronts as its next closest competitor. Bank of America Wells Fargo and Wachovia provided $40-50 million in credit to Advance America before the company operated a single store. Both banks continue to finance Advance America."