Rent A Banks news and trends

‘Rent-a-Bank’ Lending Practices Trigger Calls For Regulation

March 11, 2020
Predatory Lending Triggers Calls For Regulation
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‘Rent-a-Bank’ Lending Practices Trigger Calls For Regulation

March 11, 2020
Consumer advocates are pushing federal banking regulators to do something about rent-a-banks with notoriously sky-high loan rates that prey on people with bad credit, the Wall Street Journal (WSJ) reported on Wednesday (March 11). A California statue caps interest to an annual rate of 37 percent a year but out-of-state banks have figured out how […]