“The Center for Economic Integrity respectfully urges the FDIC to conduct an investigation of FDIC-supervised Capital Community Bank (CCBank), a Utah bank. The FDIC should invoke its still-in-effect Supervisory Policy on Predatory Lending to prohibit CCBank from participating in a scheme enabling payday and car title lenders to evade state usury laws passed specifically to protect consumers.”
CEI Roster of high-cost loan products facilitated by CCBank | Updated in July, 2021
Roster of payday and title loan products – CC Connect Loan, Xact, ChoiceCash Title Loans, Lendly, CC Connect Installment Loan, Rise Loans, MDG.com, CC Flow Line of Credit – using rogue bank Capital Community Bank as the “Rent-A-Bank”.