Details:

Publisher's site:
https://www.fdic.gov
Corporate Authors:
Federal Deposit Insurance Corporation (FDIC)
Description:
The FDIC is reissuing FIL-14-2005, "Payday Lending Programs: Revised Examination Guidance," and its attachment, "Revised Guidelines for Payday Lending," (collectively, the 2005 Payday Lending Guidance) to ensure that bankers and others are aware that it does not apply to banks offering products and services, such as deposit accounts and extensions of credit, to non-bank payday lenders. Financial institutions that can properly manage customer relationships and effectively mitigate risks are neither prohibited nor discouraged from providing services to any category of business customers or individual customers operating in compliance with applicable state and federal laws.
Content Notes:
See revised FIL-14-2005, which applies to all FDIC-supervised financial institutions that make payday loans.
Subject:
[+]
Risk Management Practices
Dataset Download URL:
fdic.gov/news/financial-institution-letters/2015/fil15052.pdf
Format:
PDF
Release Date:
11/16/2015
Update Date:
11/16/2015
Withdrawn Date:
03/19/2021
Agencies Involved:
Federal Deposit Insurance Corporation (FDIC)
Fdic Employee Involved:
Rae-Ann Miller
Source:
FDIC Website
Memorandum To:
FDIC-Supervised Banks (Commercial and Savings)
FIL Number:
FIL-52-2015
Main Document Checksum:
[+]
urn:sha256:84ba061082262fe42fca775bb636a34fef327b78ba97df7a6827db88d108e252
Download URL:
https://archive.fdic.gov/view/fdic/6924/fdic_6924_DS1.pdf
File Type:

Supporting Files

• Statement on Providing Banking Services

  pdf

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