Four small Utah banks export “predatory loans” across the country thanks to their state having no caps on interest rates, critics say.
Author: Craig Harris and Amritpal Kaur Sandhu-Longoria, USA TODAY
Consumer watchdogs raise alarms as more consumers rely on high-interest ‘rent-a-bank’ loans
‘Rent-a-bank,’ the new payday loan for consumers, is raising concerns because of triple-digit interest rates on financially strapped Americans.
Consumer watchdogs raise alarms as more consumers rely on high-interest ‘rent-a-bank’ loans
‘Rent-a-bank,’ the new payday loan for consumers, is raising concerns because of triple-digit interest rates on financially strapped Americans.