Customer Federation of America. Congressional Resolution Would Rescind “Fake Lender” Rule That Enables Predatory Lenders’ to Evade State Interest Rate Limits

Customer Federation of America. Congressional Resolution Would Rescind “Fake Lender” Rule That Enables Predatory Lenders’ to Evade State Interest Rate Limits

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Brand New Bank Regulator Leadership Welcome

Bipartisan selection of 25 State Attorneys General Urge Congress to Repeal OCC “True Lender” installment loans bad credit direct lender Rule

Congressional Resolution Would Rescind “Fake Lender” Rule Which Allows Predatory Lenders’ to Evade State Interest Limits

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FDIC Recommendations Turn Up the Temperature on Rent-a-Bank Payday Lending

Washington, D.C. – Consumer Federation of America (CFA) noted that the Federal Deposit Insurance Corporation (FDIC) instructions given today could make it more difficult for state-chartered banking institutions to greatly help payday loan providers evade state usury and little loan guidelines. Continue reading “Customer Federation of America. Congressional Resolution Would Rescind “Fake Lender” Rule That Enables Predatory Lenders’ to Evade State Interest Rate Limits”