Brown, Senators Slam Regulators for 'Rent-a-Bank' Arrangement
November 22, 2019
November 22, 2019
WASHINGTON, Nov. 22 -- Sen. Sherrod Brown, D-Ohio, issued the following news release:
U.S. Sen. Sherrod Brown (D-OH), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, led a letter with five Senators, opposing a proposed rule by the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) that could eviscerate state laws that limit the interest rates on loans and allow unregulated predatory lending across the natio . . .
U.S. Sen. Sherrod Brown (D-OH), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, led a letter with five Senators, opposing a proposed rule by the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) that could eviscerate state laws that limit the interest rates on loans and allow unregulated predatory lending across the natio . . .