Banking, Payments, & Remittances

Bank Charters

Banks have special privileges that exempt them from state interest rate limits and other state consumer protection laws. But non-bank entities are seeking new types of bank charters and access to banking services without the full oversight and responsibilities of traditional banks. NCLC opposes new types of bank charters and other measures that make it easier for companies to escape state consumer protection laws.

Predatory Lender Enova Drops Bid to Become National Bank

September 15, 2026

Bank Charter Would Have Enabled 100% APR Loans in Every State

Read More about: Predatory Lender Enova Drops Bid to Become National Bank
April 29, 2026
October 31, 2024

Recent

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Predatory Lender Enova Drops Bid to Become National Bank

September 15, 2026

Comments on the Application to Charter OppFi National Bank & Acquire BNC Bank

July 31, 2026

Broad Coalition Opposes 195% APR Bank Charter for OppFi, Which Seeks to Make Payday Loans in Every State 

July 31, 2026

Coalition Letter to Federal Reserve Requesting Full Board Vote and Public Hearing on Applications of Enova and Opportunity Financial to Become Bank Holding Companies

June 22, 2026

Trump Fintech Order Will Promote Predatory Lending, Endanger Consumer Funds

May 20, 2026

Coalition Letter Opposing Unaffordable 100% APR Bank Loans; Urging Congress to Support State and Federal Interest Rate Limits

May 7, 2026

Broad Coalition Urges Congress to Oppose Unaffordable 100%+ APR Bank Loans

May 7, 2026

Another 100%+ APR Bank Seeks Trump Administration Approval

April 29, 2026

Fed Urged to Reject Bank Application that Would Greenlight Enova’s 100% APR Loans Nationwide

April 23, 2026

Comments & Letters

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Comments on the Application to Charter OppFi National Bank & Acquire BNC Bank

July 31, 2026

Coalition Letter to Federal Reserve Requesting Full Board Vote and Public Hearing on Applications of Enova and Opportunity Financial to Become Bank Holding Companies

June 22, 2026

Coalition Letter Opposing Unaffordable 100% APR Bank Loans; Urging Congress to Support State and Federal Interest Rate Limits

May 7, 2026

Letter from Civil Rights Groups to Federal Reserve Board Opposing Enova Bank Charter

April 22, 2026

Comments on the Application to Charter Enova Interim Bank & Acquire Grasshopper Bank

February 27, 2026

Letter Supporting Close the Shadow Banking Loophole Act

January 29, 2026

Comment Letter to OCC in Opposition to First National Digital Currency Bank Charter Application

July 30, 2025

Letter Supporting S.3538, the Close the Shadow Banking Loophole Act

December 15, 2023

Comments to FDIC Regarding False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo

April 6, 2023

Issue Briefs

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Trump Administration Must Deny Enova’s Bid to Make 100% APR Loans In Every State

April 16, 2026

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

May 3, 2021

Press Releases & News

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Predatory Lender Enova Drops Bid to Become National Bank

September 15, 2026

Broad Coalition Opposes 195% APR Bank Charter for OppFi, Which Seeks to Make Payday Loans in Every State 

July 31, 2026

Trump Fintech Order Will Promote Predatory Lending, Endanger Consumer Funds

May 20, 2026

Broad Coalition Urges Congress to Oppose Unaffordable 100%+ APR Bank Loans

May 7, 2026

Another 100%+ APR Bank Seeks Trump Administration Approval

April 29, 2026

Fed Urged to Reject Bank Application that Would Greenlight Enova’s 100% APR Loans Nationwide

April 23, 2026

Consumer Advocates Urge Regulators to End Predatory Bank-Fintech Partnerships

October 31, 2024

199% Auto Repair, Pet Loans Face Crackdown by DC, States

July 12, 2023

Crypto Companies, Others, Must Stop Misusing FDIC’s Name and Logo

April 6, 2023

Amicus Briefs

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Amicus Brief in Lacewell v. OCC

July 30, 2020

Amicus Brief in David Petersen, Et Al v. Chase Card Funding, LLC

February 7, 2020

From the NCLC Digital Library

Consumer Banking and Payments Law

The treatise that keeps readers up to date on changes in payments: payroll, government benefits, college and other prepaid cards, money orders, check payments, lost checks, check deposits, accord and satisfaction, bank fees, banker’s set off and more.

Read Chapter One