Civil Rights and Consumer Groups File Amicus Brief in Support of States' Challenge to OCC Rule That Enables Predatory Lending
December 23, 2020
December 23, 2020
WASHINGTON, Dec. 23 -- The Center for Responsible Lending issued the following news release:
Several civil rights and consumer groups filed an amicus brief in support of the attorneys general of California, Illinois, and New York in their case against a rule from the Office of the Comptroller of the Currency (OCC) that encourages predatory lending through "rent-a-bank" schemes.
The OCC's non-bank interest rate rule facilitates non-bank lenders' efforts to form . . .
Several civil rights and consumer groups filed an amicus brief in support of the attorneys general of California, Illinois, and New York in their case against a rule from the Office of the Comptroller of the Currency (OCC) that encourages predatory lending through "rent-a-bank" schemes.
The OCC's non-bank interest rate rule facilitates non-bank lenders' efforts to form . . .