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Consumer Reports urges OCC to rescind proposition that could encourage “rent-a-bank” lending schemes

Consumer Reports urges OCC to rescind proposition that could encourage “rent-a-bank” lending schemes OCC proposal undermines state efforts to guard consumers from predatory lenders WASHINGTON, D.C. – A proposal because of the workplace regarding the Comptroller associated with the Currency (OCC) will ensure it is easier for predatory loan providers to evade state laws and regulations...

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