By Charlene Crowell Last October during the throes of the COVID-19 pandemic and its rippling economic downturns, a key federal financial regulator adopted a rule that blesses the “rent-a-bank” scheme where predatory lenders partner with banks to evade state interest rate limits. Known as the “True Lender” rule, the Office of the Comptroller of the […]

The post Consumer groundswell calls for end to bank-supported predatory loans appeared first on North Dallas Gazette.