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We advocate for customers against high-cost finance anywhere it crops up.

We advocate for customers against high-cost finance anywhere it crops up.

See several of our work below.

Reinvestment Partners presented these reviews towards the workplace associated with the Comptroller associated with Currency therefore the Federal Deposit Insurance Corporation as a result for their joint approval to permit their user finance institutions to make use of their charters to evade state anti-usury rules. The proposition, if approved, allows banking institutions to ignore state legislation that put ceilings on interest levels. New york includes a strong state guideline that caps rates of interest at 30 %. Beneath the ”Rent-a-Bank” model, since it is described, banking institutions could mate with payday loan providers to supply loans with interest levels of significantly more than 200 per cent. Läs mer