Consumer Reports urges OCC to rescind proposal that will encourage “rent-a-bank” lending schemes
Consumer Reports urges OCC to rescind proposal that will encourage “rent-a-bank” lending schemes OCC proposal undermines state efforts to safeguard consumers from predatory lenders WASHINGTON, D.C. – A proposal by the workplace associated with the Comptroller regarding the Currency (OCC) would ensure it is easier for predatory loan providers to evade state regulations restricting rates