Pa. Treasurer Torsella Issues Statement Opposing FDIC Rule
February 12, 2020
February 12, 2020
HARRISBURG, Pennsylvania, Feb. 12 -- Pennsylvania Treasurer Joe Torsella issued the following statement:
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- Urges FDIC not to allow payday lenders to bypass state laws through "rent-a-bank" schemes
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A bipartisan coalition of 16 state treasurers, submitted a letter in opposition to a pending Federal Deposit Insurance Corporation (FDIC) proposal. The FDIC proposal would directly harm consumers by renewing payday, car title an . . .
* * *
- Urges FDIC not to allow payday lenders to bypass state laws through "rent-a-bank" schemes
* * *
A bipartisan coalition of 16 state treasurers, submitted a letter in opposition to a pending Federal Deposit Insurance Corporation (FDIC) proposal. The FDIC proposal would directly harm consumers by renewing payday, car title an . . .