In 250 words max please answer the folowing questionsIf a hypothetical entity wants to engage in...

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In 250 words max please answer the folowing questions

If a hypothetical entity wants to engage in "payday lending" business, in your opinion is it better to get a ''special purpose charter'' with occ or partner with an existing institution? How does federalism play into that decision? how does "Valid when made doctrine and madden rule" play into this? how does "Interest rate exportation" play into this?

Rochak · Accepted Answer

For engaging in the ‘payday lending’ business, it is better to partner with an existing institution because the institution will have a reach because it is established and therefore the business can grow from the start, otherwise the entity will have to start from scratch.
Federalism will not play a major role in the decision...

In 250 words max please answer the folowing questions If a hypothetical entity wants to engage in "payday lending" business, in your opinion is it better to get a ''special purpose charter'' with occ...

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