Amazon and Wells Fargo End Student-Loan Partnership

Wells Fargo has stopped offering Amazon customers reduced interest rates on private student loans, The Washington Post reported on Wednesday.

The partnership was discontinued about a month after the companies announced they were working together. Neither company responded to a request for comment, the Post said.

The short-lived program offered Wells Fargo education loans to Amazon Prime Student subscribers with an interest rate discounted by half a percentage point.

Critics said the partnership would entice students to take on expensive private loans that lacked customer protection. Just last week the Consumer Financial Protection Bureau found that the bank had illegally increased the costs of loans and had unfairly punished certain student-loan borrowers.