Political Quotes

Catherine Cortez Masto: “The OCC Rule will predictably spur the proliferation of rent-a-bank schemes by nonbank lenders in order to evade both…”

On the recordApril 27, 2021
The OCC Rule will predictably spur the proliferation of rent-a-bank schemes by nonbank lenders in order to evade both State interest rate caps and other State consumer protection laws.
Said by
Catherine Cortez Masto
Democratic · Nevada

Editor's note · Context

Critique of the OCC Rule allowing lenders to bypass state regulations.

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