‘Rent-a-banks’ involving Utah lending that is high-interest under scrutiny of Congress

‘Rent-a-banks’ involving Utah lending that is high-interest under scrutiny of Congress Customer groups state that high-interest loan providers — who issue such things as payday or automobile title loans — are using a unique solution to evade state rate of interest caps nationally: They partner with banks in Utah, which sets no restriction on prices. …

‘Rent-a-banks’ involving Utah lending that is high-interest under scrutiny of Congress Lire la suite »