June 2018

14
Jun

Former Banker/Regulator Wants To Allow Banks To Make Payday Loans

A powerful banking regulator appointed by President Trump could face tough questions in a Senate hearing Thursday about his efforts to allow big banks to make small, high-interest, short-term loans to consumers. Joseph Otting is a former banking executive who is now in charge of an agency that oversees the nation’s largest banks – including some that Otting used to

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