The Traderszone Network

Published in TZ Latest News 7 September, 2016 by The TZ Newswire Staff

How Regulators Killed The Wells Fargo-Amazon Student Lending Venture

It was one of the more notable pair-ups in recent memory — in part because it was so short.

Amazon and Wells Fargo announced in July that they were collaborating on student loans with a jointly run program that would have seen Prime Student members eligible for a 0.5 percent interest rate reduction on their Wells Fargo student loan.

But by the end of August it was all over — suddenly discontinued without much in the way of explanation. This week, that explanation is starting to roll in.

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