Let me make it clear about customer groups challenge pay day loan prepaid cards

Let me make it clear about customer groups challenge pay day loan prepaid cards

A lot more than two dozen customer teams would you like to block a bank’s partnership with CheckSmart, a payday lender based in the Columbus suburb of Dublin.

The demand to a federal regulator comes as CheckSmart’s moms and dad business, Community preference Financial Inc., prepares to introduce a short stock offering that is public.

The buyer teams told work regarding the Comptroller of Currency that CheckSmart’s partnership with Urban Trust Bank of Florida enables the payday lender to skirt state payday financing caps. Continue reading “Let me make it clear about customer groups challenge pay day loan prepaid cards”