September 18, 2019
Payday and Other Small Dollar Loans
Download this factsheet for more information on the top three principles against rent-a-bank arrangements:
- Long Precedent Against Rent-A-Bank Schemes Has Served Banks and Consumers Well.
- More Recent Rent-a-Bank Arrangements (with FDIC-supervised banks) Include Grossly Irresponsible Loans.
- Change in Course Would Invite Risk, Backlash, and Erosion of Confidence in Banking System.