​Dear Friends,

Last week, Appleseed Centers in Texas, Nebraska, and New Jersey submitted a joint comment letter to the US Comptroller of the Currency to speak out against a recently proposed rule. As the letter documents, the proposed rule would allow predatory lenders to escape rate cap laws, as well as liability for violations of federal and state consumer protection laws, by participating in “rent-a-bank” schemes. Borrowers can get trapped in these predatory loans, often paying extremely high interest rates and taking on more and more loans to extend the interest payments.

Please click here to read the letter from Texas, Nebraska, and New Jersey Appleseed, which was prepared with the pro bono assistance of Fish & Richardson P.C.
 
Sincerely,
Sarah Pacilio
Appleseed Network Manager

You are Invited…
Seeds of Learning Series
Please join us on April 10, 2019 for an open conversation on how to most effectively deploy research to advance state and local policy change with Kriston McIntosh and Jay Shambaugh of the Brookings Institution’s Hamilton Project. The Hamilton Project produces evidence-based policy proposals and analyses to promote broad economic growth that benefits more Americans. The conversation will be moderated by Nebraska Appleseed Executive Director Becky Gould and we will be joined by Board members and Center staff from around the Appleseed Network.