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‘Rent-a-banks’ involving Utah lending that is high-interest under scrutiny of Congress

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‘Rent-a-banks’ involving Utah lending that is high-interest under scrutiny of Congress Customer teams state that high-interest lenders — who issue such things as payday or vehicle title loans — are using a unique solution to evade state interest rate caps nationwide: They partner with banking institutions in Utah, which sets no restriction on rates. In […]