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Federal proposition will make it easier for predatory loan providers to a target Marylanders with excessive rates of interest

Federal proposition will make it easier for predatory loan providers to a target Marylanders with excessive rates of interest

In a tone-deaf maneuver of “hit ’em while they’re down,” we’ve got a proposition by the workplace associated with Comptroller associated with the Currency (OCC) this is certainly news that is bad individuals wanting to avoid unrelenting rounds of high-cost financial obligation. This proposal that is latest would undo long-standing precedent that respects the proper of states to help keep triple-digit interest predatory loan providers from crossing their edges.