Social Media Money Laundering

How a bank charging 189% interest explains its business model

Photo by Mathias Reding on Unsplash

Scroll through the Twitter feed of Utah-based TAB Bank and you’ll see tweets about where the bank is going (to lots of trucking shows) and about how it is an industry innovator. There are stories about the bank’s partnerships with fintech lenders and pictures of their charitable work in Utah. Oh, and they offer a pretty great high yield savings account.

Here are some samples:

Sounds like a bank doing some great work, right? I mean, helping out the trucking…