Why Would A Bank Charge Private Prisons 3% Interest But Charge Regular People 267% Interest?

Why Would A Bank Charge Private Prisons 3% Interest But Charge Regular People 267% Interest?

Wells Fargo borrows from the federal government at virtually 0 percent interest, lends it to private prison companies at interest rates as low as 3 percent, all while charging their own customers an average of 276 percent interest on their account-based payday loan product. Why???

Wells Fargo is a major investor in the two largest private prison operators in the

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