Advocates Condemn Rent-a-Bank Rule that Encourages Predatory High-Cost Loans; ask Congress to pass through Federal 36% rate of interest Cap Limit

Advocates Condemn Rent-a-Bank Rule that Encourages Predatory High-Cost Loans; ask Congress to pass through Federal 36% rate of interest Cap Limit

WASHINGTON, D.C. – customer advocates slammed any office associated with the Comptroller associated with Currency (OCC) for the final guideline released today that encourages online non-bank loan providers to launder their loans through banking institutions so that they can provide high-cost triple-digit loans in states where such loans are unlawful. The Federal Deposit Insurance Corp. Proposed a rule that is similar have not finalized it. The principles had been highly compared by a bipartisan number of solicitors bbecauseic along with by many community, customer, civil rights, faith and business that is small, and could face legal challenges. At the least 45 states while the District of Columbia limit prices on numerous installment loans. (more…)

Continue Reading Advocates Condemn Rent-a-Bank Rule that Encourages Predatory High-Cost Loans; ask Congress to pass through Federal 36% rate of interest Cap Limit

In conclusion, Atlantic Union had another solid quarter and a good 2019.

In conclusion, Atlantic Union had another solid quarter and a good 2019.

We continue steadily to make constant progress against our strategic priorities and delivered good monetary performance despite headwinds through the interest rate environment that is adverse. We stay highly confident exactly just just what the near future holds we have to deliver long-term sustainable financial performance for our customers, communities, teammates and shareholders for us, and the potential. (more…)

Continue Reading In conclusion, Atlantic Union had another solid quarter and a good 2019.