Bill would prevent states from imposing lending rate caps on out-of-state banks
By ABA Banking Journal Staff
AI Summary
Two lawmakers have introduced legislation to prevent states from imposing interest rate caps on loans from out-of-state chartered banks and credit unions; this could impact how Texas credit unions operate with respect to lending rates.
Texas Relevance
The article does not explicitly mention Texas, TX, TCUD, or any Texas-specific entities. The legislation is described as affecting out-of-state banks and credit unions in general.
Original Content
Two lawmakers have introduced legislation to prevent states from imposing interest rate caps on loans from out-of-state chartered banks and credit unions. The post Bill would prevent states from imposing lending rate caps on out-of-state banks appeared first on ABA Banking Journal .