Reeves Singleton — Articles

Lend Me Your Interest Rates: Rent-a-Bank, Fintech, and True Lenders

Minnesota Journal of Law & Inequality, Vol. 44: Iss. 2

The rise of fintech has bolstered so-called rent-a-bank lending, a scheme through which online lenders partner with national banks in order to take advantage of the banks’ ability to “export” high interest rates to states with strict usury laws. This...