Without a doubt in regards to the Green Sheet Online Edition

Without a doubt in web sites regards to the Green Sheet Online Edition
Payday advances on prepaid scheme exposed
Any office associated with the Comptroller associated with Currency, a federal bank regulator, determined that prepaid credit card issuer Urban Trust Bank and payday loan provider CheckSmart Inc. evaded state payday and usury legislation in Arizona and Ohio by loading payday advances on prepaid cards. The OCC stated Orlando, Fla.-based UTB decided to correct the violations, submit to a review of their prepaid credit card system, and submit to an OCC summary of the lender’s business strategy to deal with too little its oversight of CheckSmart.
a coalition of customer advocacy teams led by The nationwide Consumer Law Center urged the OCC to power down CheckSmart’s pay day loan system. […]