Consumer groups hope the FDIC will crack down on rent-a-bank schemes
Consumer groups hope the FDIC will crack down on rent-a-bank schemes

Consumer groups hope the FDIC will crack down on rent-a-bank schemes

#davotsegaye

4 min
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With a top Trump-appointed banking regulator stepping down, consumer financial protection groups say the new head of the FDIC should crack down on lenders charging interest rates of 100% or more.

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Consumer groups hope the FDIC will crack down on rent-a-bank schemes - Listen Free | WowFM