Trump admin makes it easier for lenders to charge small businesses super-high interest rates

Many states bar super-high interest rates. But high-cost lenders can circumvent such limits, known as usury caps, through rent-a-bank schemes. And under the Trump administration, the schemes have gotten a boost from two rules approved this year by the top federal banking regulator, the Office of the Comptroller of the Currency.

Focusing on a small business now being charged a 268% interest rate, along with other penalties, NBC News explains the issue, here.

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