By Charlene Crowell /TriceEdneyWire.com – (Source: www.capitaloutlook.com) –Last October during the throes of the COVID-19 pandemic and its rippling economic downturns, a key federal financial regulator adopted a rule that blesses the “rent-a-bank” scheme where predatory lenders partner with banks to evade state interest rate limits. Known as the “True Lender” rule, the Office of the … Continued
The post Consumer Groundswell Calls for End to Predatory Loans that Target Blacks and Other People of Color appeared first on The Michigan Chronicle.
