Payday Lending Programs Revised Examination Guidance

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
• 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• Withdrawn Date: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
• Language:
  Eng
• Download URL:
  https://archive.fdic.gov/view/fdic/7587/fdic_7587_DS1.pdf
• File Type:
  [PDF - 99.01 KB]
• Collection(s):
  Inactive Financial Institution Letters (FILs)
• Main Document Checksum:
  urn:sha256:455a40211ce9a699543205692252729c899efb854dba469756a2153aa07fdb6a