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 for the Comptroller for the Currency (OCC) will make it easier for predatory loan providers to evade state guidelines restricting rates of …

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