Community, Consumer, Civil Rights, Faith and Small Business Organizations Strongly Oppose the FDIC’s Proposed Rule on Federal Interest Rates

Download the full letter. February 4, 2020 The Honorable Jelena McWilliams Chairman Federal Deposit Insurance Corporation 1776 F Street, NW Washington, DC 20006 Delivered electronically via email Re: Comments on FDIC Notice of Proposed Rulemaking, Federal Interest Rate Authority, 12 CFR Part 331, RIN-3064-AF21 Dear Chairman McWilliams, The undersigned community, consumer, civil rights, faith and small business organizations write to …

As Congress Shines Light on Rent-a-bank Schemes, 100+ Groups Urge FDIC to Rescind Plan that Facilitates their Spread

For Immediate Release: February 5, 2020 Contact: Jessinia Brooks, 212-574-3415, jessinia.brooks@berlinrosen.com As Congress Shines Light on Rent-a-bank Schemes, 100+ Groups Urge FDIC to Rescind Plan that Facilitates their Spread Watch hearing on the topic in the House Financial Services Committee Banking agency that currently allows “rent-a-bank” schemes with triple digit interest loans that evade state laws poised to make them …