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