Regulatory Showdown: Coalition Fights Fintech Bid to Turn High-Interest Lenders into National Banks
WASHINGTON, D.C. — In a high-stakes regulatory battle that could redefine the boundaries of American consumer protection, a broad-based coalition of over 60 organizations—spanning the spectrum of civil rights, labor unions, legal advocacy groups, and small business associations—has issued an urgent demand to the Federal Reserve Board of Governors. The coalition is calling for full…
