Who Supports Overturning the OCC’s “Fake Lender” Rule?

Across party lines, state attorneys general, banking regulators, credit unions, academic scholars, state legislators, faith leaders, and civil rights, consumer, disability rights, housing, labor, legal services, senior rights, small business, and veterans organizations agree that a bank’s mere name on a piece of paper should not allow predatory lenders to hide behind a fake lender in order to evade state usury laws.

Payday Loan Reform News September 2017

Highlight Payday Lenders Win Special Protections from Congress September 15, PaymentsJournal Faced with the opportunity to protect Americans from payday lenders and their 400 percent interest rate loans, a majority in the U.S. House of Representatives instead chose to side with America’s legalized loan sharks and give them special protections for their dangerous products.   Top Stories Consumer advocates urge …