Office of the Comptroller of the Currency (OCC) Proposed Rule


The NC Coalition for Responsible Lending is proud to partner with organizations across the nation to work toward stronger consumer protections. In the spirit of this, we have co-signed the following letter in support.

 

On September 3rd, 2020, the NC Coalition for Responsible Lending along with our partners submitted a comment to the Acting Comptroller of the Currency, urging him not to publish a rule that would allow predatory lenders in partnership with out-of-state banks to charge interest and fees in excess of what is legally allowed in our state. The rule would have limited our state’s ability to protect our consumers from harmful lending practices.