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 …