Federal regulators have long expected banks to issue loans with a high degree of confidenc...

Rent-a-Bank Payday Loans Have Highest Loss Rates in Banking System – The Pew Charitable Trusts

Federal regulators have long expected banks to issue loans with a high degree of confidence that borrowers will repay them. But some banks supervised by the Federal Deposit Insurance Corp. (FDIC) are issuing loans, on behalf of payday lenders, that…

 

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