Capitol Hill Hearing Examines ‘Rent-A-Bank’ Schemes To Sidestep Interest Rate Caps
PYMNTS
FEBRUARY 6, 2020
In terms of general practice, lenders, including those that operate online, must partner with chartered banks.). She offered a list of other firms engaged in similar practices, such as LoanMart, where auto title loan rates range from 60 percent to 222 percent, and where bank sponsors are based in Utah.
Let's personalize your content