Customer Groundswell Requires End To Bank-Supported Predatory Loans

Customer Groundswell Requires End To Bank-Supported Predatory Loans By Charlene Crowell, Center For Responsible Lending Final October through the throes for the COVID-19 pandemic and its rippling financial downturns, a vital federal financial regulator used a rule that blesses the “rent-a-bank” scheme where predatory loan providers partner with banking institutions to evade state interest limitations. …

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