Civil Rights and Consumer Groups Implore the FDIC to Say No to Bank Payday Loans and Rent-a-Bank Payday Lending
FOR IMMEDIATE RELEASE: January 23, 2019 Washington, D.C. – In comments submitted late yesterday, national civil rights and consumer nonprofits urged the Federal Deposit Insurance Corporation (FDIC) not to sanction high-cost loans made by banks directly or through rent-a-bank partnerships with payday lenders. The comments were sent by the National Consumer Law Center, the Center…