American Banker, March 16, 2022, TAB Bank dragged into seedy world of puppy mill loans by fintech partner
Transportation Alliance Bank (TAB Bank) in Ogden, Utah, has a partnership with a fintech called EasyPay Finance that seems to forward the bank’s aim of financial inclusion — it lends to people with low FICO scores who couldn’t get credit elsewhere — but the relationship has drawn criticism from advocates for animal and consumer rights.
Transportation Alliance Bank (TAB Bank) in Ogden, Utah, has a partnership with a fintech called EasyPay Finance that seems to forward the bank’s aim of financial inclusion — it lends to people with low FICO scores who couldn’t get credit elsewhere — but the relationship has drawn criticism from advocates for animal and consumer rights.
TAB Bank initially denied that its work with EasyPay Finance of Carlsbad, California, was directly or indirectly funding puppy mills — and indeed, it may be very difficult for lenders to know of any such connections.
