There is nothing true about it. It provides an avenue for predatory lenders to partner with banks to peddle harmful short-term loans with triple-digit interest rates.
Raphael Warnock: “There is nothing true about it. It provides an avenue for predatory lenders to partner with banks to peddle harmful…”
Editor's note · Context
Warnock criticizes the true lender rule as misleading and harmful to consumers.
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