Predatory Lenders TAB Bank and EasyPay Finance Harm Veterans and Military Servicemembers with Loans up to 189% APR
The Stop The Debt Trap coalition finds that EasyPay Finance and Transportation Alliance Bank (TAB Bank) are offering predatory loans throughout the country to militarymembers and veterans. These loans carry annual interest rates up to 189% – even in states where a rate that high is illegal. The report highlights some of the complaints from military members, veterans, and their families detailing deceptive and abusive practices concerning loans by EasyPay Finance, its parent company Duvera Billing Services, and Utah-based bank, TAB Bank, which helps EasyPay evade state laws.
