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National Association.

The inclusion of the word "National" in the bank's name or the designation "National Association" or its abbreviation "N.A." is a required part of the distinguishing legal title of a national bank, as in "Citibank, N.A."

Currently the Federal "N.A." classification allows banks to bypass state usury laws that prevent predatory lending. There is currently no federal cap on rates. The federal government only requires that whatever rates, fees or terms are set by issuers be disclosed to the consumer in accordance with the Truth in Lending Act.

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