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OCC smacks bank for issuing cards that are prepaid payday lender: simple working
January 18th, 2022
OCC smacks bank for issuing cards that are prepaid payday lender: simple working A federal regulator has clamped straight straight down for a bank that aided Ohio payday lender CheckSmart problem loans on prepaid cards. Customer teams challenged Urban Trust Bank’s relationship with CheckSmart in might, contending the partnership could help CheckSmart dodge state lending that is payday. The ensuing controversy triggered CheckSmart to yank their planned initial public inventory providing. The Office of the Comptroller of the Currency said…