This is positively disgusting. Those predatory, 100% and over interest rate payday loans are now being offered by Wells Fargo.

A few of the nation's largest banks -- including Minneapolis-based U.S. Bancorp, Wells Fargo & Co. of San Francisco, and Fifth Third Bancorp of Cincinnati -- are now marketing payday loan-type products, with triple-digit interest rates, to their checking account customers.

People, just don't do it. Do not get a payday loan. You'd be better off hanging out on a street corner with a sign which says need money now and begging for change.

Here is an action item to support legislation to restrict payday loan interest rates to 36%, a loan shark rate sure enough.