Payday Lending Programs Revised Examination Guidance

doi:s://www.fdic.gov/

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Payday Lending Programs Revised Examination Guidance

03/01/2005
Inactive Financial Institution Letters (FILs)

[PDF-99.01 KB]

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Details:

Publisher's site:

https://www.fdic.gov/
Corporate Authors:

Federal Deposit Insurance Corporation (FDIC)
Description:

The FDIC is issuing the attached revised examination guidance on payday lending programs. The revisions provide more specific guidance to FDIC-supervised institutions to ensure that this high-cost, short-term credit product is not provided repeatedly to customers with longer-term credit needs. There is currently a small number of FDIC-supervised institutions engaged in payday lending.
Content Notes:

Revised November 2015
Subject:

[+]

Lending / Investments
Dataset Download URL:

https://www.fdic.gov/news/financial-institution-letters/2005/fil1405.html
Format:

PDF
Release Date:

03/01/2005
Update Date:

03/02/2005
Withdrawn Date:

02/17/2021
Agencies Involved:

Federal Deposit Insurance Corporation (FDIC)
Fdic Employee Involved:

Serena Owens
Source:

FDIC Website
Memorandum To:

FDIC-Supervised Banks (Commercial and Savings)
FIL Number:

FIL-14-2005
Main Document Checksum:

[+]

urn:sha256:455a40211ce9a699543205692252729c899efb854dba469756a2153aa07fdb6a
Download URL:

https://staging-fdic.cdc.gov/view/fdic/7587/fdic_7587_DS1.pdf
File Type:

Revised Guidelines for Payday Lending\t

pdf

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