Nebraska Advocates Oppose Rent-a-Bank Scheme

Advocates in Nebraska are speaking out on a federal regulatory rule that would allow payday predators to circumvent state interest rate caps. Here’s more from the Omaha World-Herald:

As a former Republican state senator and a veteran who advocates for other veterans’ rights, we know how important it is to stand up when predatory lenders are trying to take advantage of Nebraskans. For this reason, we feel compelled to speak up on the harmful proposed federal rule that would give banks a loophole to begin partnering with non-bank lenders to supersede our…