Would-be loan providers have actually very long attempted to evade state usury rules making use of alleged rent-a-bank schemes:

Would-be loan providers have actually very long attempted to evade state usury rules making use of alleged rent-a-bank schemes: Why Payday Lending Is a challenge Each year, typically borrowing less than $500 at a time and promising to repay the loan in about two weeks—a promise usually sealed by the borrower handing over electronic access …

Would-be loan providers have actually very long attempted to evade state usury rules making use of alleged rent-a-bank schemes: Read More »