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A Dumpster-diving trip in Virginia enjoys caused the split of a debatable relationship between a national financial institution and a payday bank.

Any office of this Comptroller from the money believed Tuesday that Goleta state lender in California had decided to stop by Dec. 31 the 2-year-old collaboration with Ace money exhibit Inc., an Irving, Tex., payday lender. The arrangement spared Goleta the risk of disciplinary actions; the OCC has made no secret of the displeasure with national creditors’ “renting” her charters to payday financial institutions. [See OCC Pr Release Annoucing Settlement]

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