Archive for August 22nd, 2021

OCC Sales Eagle to Stop Payday Lending System

OCC Sales Eagle to Stop Payday Lending System

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WASHINGTON any office regarding the Comptroller of this Currency announced today that Eagle National Bank has finalized an order that is consent it to cease all payday financing tasks. Eagle happens to be involved with payday lending through plans with Dollar Financial Group. The OCC acted after discovering that Eagle was at material noncompliance with a youthful Memorandum of Understanding entered into because of the OCC and had been involved in many unsafe and unsound tasks. Read more »

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Nobody must have to depend on pay day loans in retirement

Nobody must have to depend on pay day loans in retirement

Consider this information cited from different sources regarding the state treasurer’s Secure Choice site:

Ca has passed a disconcerting milestone in payday financing. In 2016, residents 62 and older took out more pay day loans than just about just about any age bracket, based on industry information put together in a brand new report from the Department of company Oversight. This trend tips to an ongoing erosion of your retirement protection for seniors. Read more »

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