New Trump Administration Rules Make it Easier for Lenders to Charge Small Businesses Super-High Interest Rates

NBC News, Dec. 8, 2020–Gretchen Morgenson
High-cost lenders can circumvent such limits, known as usury caps, through what are known as rent-a-bank schemes. And under the Trump administration, critics say, 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, or OCC. (MBA mention)