Craig Harris and Amritpal Kaur Sandhu-Longoria, USA TODAY – Anchorage Herald

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How 4 small Utah banks have taken their ‘predatory lending’ national. It’s all thanks to state law, critics say

December 21, 2022December 21, 2022Craig Harris and Amritpal Kaur Sandhu-Longoria, USA TODAYComments Off

Four small Utah banks export “predatory loans” across the country thanks to their state having no caps on interest rates, critics say.

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Consumer watchdogs raise alarms as more consumers rely on high-interest ‘rent-a-bank’ loans

October 5, 2022October 5, 2022Craig Harris and Amritpal Kaur Sandhu-Longoria, USA TODAYComments Off

‘Rent-a-bank,’ the new payday loan for consumers, is raising concerns because of triple-digit interest rates on financially strapped Americans.