07 Oct At HFSC Hearing, Conservative Members Defend Rent-a-Bank Schemes After Taking A Great Deal Of Rent-a-Bank Cash
Washington DC – Predatory lenders got their money’s worth at today’s hearing on Rent-a-Bank schemes when you look at the House Financial solutions Committee
Members who’ve taken thousands in campaign money through the extremely businesses that make use of the rent-a-bank scheme – including Patrick McHenry, Andy Barr and Roger Williams – took turns protecting such shady plans or using inexpensive shots in the “Veterans and customers Fair Credit Act” – arguably the strongest measure to help keep customers from the payday financial obligation trap ever in the future before Congress. The bill that is bipartisan supported by a few veterans advocacy teams as well as MAGA conservative Rep.