Consumer Advocates Urge Regulators to End Predatory Bank-Fintech Partnerships
Washington, DC— The Center for Responsible Lending (CRL), National Consumer Law Center (NCLC), and the Student Borrower Protection Center (SBPC) submitted comments yesterday urging bank regulators to end bank-fintech partnerships that engage in predatory lending, evade the law, and pose a high risk of unfair, deceptive, or abusive practices and violations of consumer protection laws. Some banks help fintechs to...