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

Ask Congress to pass through Federal 36% interest Cap Limit Washington, D.C. – customer advocates Center for Responsible Lending, nationwide Consumer Law Center, and People in the us for Financial Reform Education Fund criticized the Federal Deposit Insurance Corporation (FDIC) for today finalizing a guideline that encourages online non-bank loan providers to launder their loans […]