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Prohibiting Rent-a-Bank Arrangements: A Longstanding Banking Principle

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: 

  1. Long Precedent Against Rent-A-Bank Schemes Has Served Banks and Consumers Well.
  2. More Recent Rent-a-Bank Arrangements (with FDIC-supervised banks) Include Grossly Irresponsible Loans.
  3. Change in Course Would Invite Risk, Backlash, and Erosion of Confidence in Banking System.