Installment Loans In Virginia No Credit Check

Advocates Condemn FDIC Rule that Encourages Predatory High-Cost Loans through Rent-A-Bank Schemes

Posted by on Jul 9, 2020 in Installment Loans In Virginia No Credit Check | 0 comments

Advocates Condemn FDIC Rule that Encourages Predatory High-Cost Loans through Rent-A-Bank Schemes Turn to Congress to pass through Federal 36% rate of interest Cap Limit Washington, D.C. – customer advocates Center for Responsible Lending, nationwide customer Law Center, and People in the us for Financial Reform Education Fund criticized the Federal Deposit Insurance Corporation (FDIC) for today finalizing a rule that encourages online non-bank lenders to launder their loans through banking institutions therefore the non-bank loan providers may charge interest that is triple-digit in states...

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