Consumer Reports urges OCC to rescind proposition that will encourage “rent-a-bank” lending schemes

Consumer Reports urges OCC to rescind proposition that will encourage “rent-a-bank” lending schemes

OCC proposal undermines state efforts to safeguard consumers from predatory lenders

WASHINGTON, D.C. – A proposal because of the workplace regarding the Comptroller for the Currency (OCC) would ensure it is easier for predatory loan providers to evade state regulations interest that is limiting by partnering with nationwide banking institutions, according to customer Reports. (mais…)

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