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CFPB Official Flags 'Rent-A-Bank' Consumer Loan Concerns

By Jon Hill (June 15, 2022, 5:35 PM EDT) -- A Consumer Financial Protection Bureau senior official on Wednesday hinted at potential scrutiny of whether some nonbanks are engaging in improper high-cost lending through sham partnerships with banks, saying the agency is looking into the phenomenon of "rent-a-bank schemes."...

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