Regulators
HIGHLIGHT
The FDIC is conducting a two-year pilot project to review affordable and responsible small-dollar loan programs in financial institutions, to provide an alternative to high-cost payday loans.
- Mainstream banks making payday loans
February 24, 2010National bank regulator, the OCC, must stop this trend before it takes off among more national banks, making millions vulnerable to predatory loans even in states that don't allow it from payday lending stores
- Comment: Implementation of Military Lending Amendment
February 26, 2008Comments on Implementation of Limitations on Terms of Consumer Credit Extended to Service Members and Dependents
- Comment: To Department of Defense on Military Lending Act
February 8, 2007Comments on Military Lending Act submitted to Department of Defense by Consumer Coalition on Feb. 5, 2007.
- Small Loan CRA Comment
February 2, 2007CRL Comment to the Federal Deposit Insurance Corporation on its proposed guidelines for affordable small-dollar loans.
- Comments: RIN 3064-AC95, Proposed Rulemaking on Federal Preemption
December 13, 2005 - FDIC's Revised Examination Guidance on Payday Lending
March 14, 2005Analysis of the FDIC guidance that stopped the "rent-a-charter" scheme that payday lenders were using to operate in states where they were illegal. FDIC issued strict guidelines under which their insured banks could partner with payday lenders.
