03/11/2014
https://www.congress.gov...
"We need to make it easier for people to access the benefits they desperately need, and we need to rewrite the rules of SSI so that recipients have a fighting chance at building some real economic secu..."
"I think what you are saying to me is the OCC will be tough on banks."
"And because banks have an exemption from State usury caps, there would essentially be no limit as to what the payday lender could charge a borrower if it just funnels its loan through a bank."
"The new rule you have put in place says let us look at the paperwork, and if the bank's name is on the paper, that is what is going to control."