Fund the Fight to Stop Rent-A-Bank Schemes and Predatory Loans Now!
Predatory lenders have tried to evade anti-usury laws for centuries, and funneling loans through FDIC-supervised banks, like Transportation Alliance Bank, is their latest tactic. Now, 42 states and DC currently have at least one predatory lender using a Rent-A-bank Scheme to evade the law and make 100% to 225% APR loans that are illegal in those states.
Rent-a-bank loans are offered at check cashing stores, online and at pet stores, auto mechanics and furniture stores -- dramatically increasing the total cost of unexpected auto repairs, essential home furnishings, and even a family pet. And when offered at pet stores, these loans help fund puppy mills that keep dogs in deplorable conditions.
The FDIC can stop this now!
Contribute to Americans for Financial Reform and fund the fight demanding the FDIC stop the emerging threat of Rent-A-Bank schemes and predatory loans now!
Contribution rules
- Charitable donations made through this form are received and processed by ActBlue Civics, Inc., a 501(c)(4) tax-exempt organization formed to democratize charitable giving, and are subject to ActBlue’s Terms of Service and Privacy Policy. The merchant of record for this transaction is ActBlue Civics, Inc. We subsequently give your contribution to the organization or cause that you have selected on the contribution form. A copy of our latest financial report may be obtained by contacting us at actblue.com/contact or calling (617) 517-7600. Alternatively, our report detailing our programs, a financial summary, and the percentage of contributions dedicated to our charitable purpose, along with a copy of our license, may be obtained from the following state agencies: FLORIDA (registration #CH48620) – Division of Consumer Services 800-435-7352, www.800helpfla.com; GEORGIA (registration #CH012404) – contact ActBlue Civics; MARYLAND (registration #32940) – Secretary of State, State House, Annapolis, MD 21401; MISSISSIPPI – Secretary of State, 888-236-6167; NEW JERSEY (registration #CH3992100) – Attorney General, 973-504-6215, http://www.state.nj.us/lps/ca/charfrm.htm; NEW YORK (registration #45-70-70) – Attorney General, Charities Bureau, 120 Broadway, New York, NY 10271; NORTH CAROLINA (registration #SL010079) – State Soliciting Licensing Branch, 888-830-4989; PENNSYLVANIA (registration #106113) – Department of State, 800-732-0999; VIRGINIA – Office of Consumer Affairs, PO Box 1163, Richmond, VA 23218; WASHINGTON (registration #38989) – Secretary of State, Charities Division, Olympia, WA 98504-0422, 800-332-4483; WEST VIRGINIA – (registration #10214) Secretary of State, State Capitol, Charleston, WV 25305; WISCONSIN (registration #16863 - 800) – contact ActBlue Civics. Registration with and reporting to these agencies does not imply endorsement, approval, or recommendation of ActBlue Civics.
- By making a contribution, you attest that the contribution is made from your own funds or the funds of an authorizing corporation or other entity, and the funds are not being provided by any other person or entity.