HomeAnnuitiesHow High-Interest ‘Rent-a-Bank’ Loans Sidestep State Rate Caps

How High-Interest ‘Rent-a-Bank’ Loans Sidestep State Rate Caps


Related stories

Economy Is Improving, but Recession Risk, Inflation Still Hover

Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The...

7 Best Websites for Scholarships

Cecilia Clark writes for NerdWallet. Email: cclark@nerdwallet.com. The article 7...

Is Life Insurance Worth It?

Georgia Rose writes for NerdWallet. Email: grose@nerdwallet.com. The article Is...

How to Get the Best Value for Chase Unlimited Points

JT Genter writes for NerdWallet. Email: travel@nerdwallet.com. The article How...

Choices and financial freedom

Have we become so caught up in a world...

A Google search for “online loan” returns a list of low-interest personal loans alongside no-credit-check loans with high interest rates. The latter might not be available in many states if it weren’t for the “rent-a-bank” business model. This method of lending involves financial technology companies that partner with banks to distribute installment loans with triple-digit…



- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories



Please enter your comment!
Please enter your name here