H.R. 4861 (Hollingsworth), the so-called EQUAL Act, invites banks to get back into the business of 200-300% interest payday loans that trap customers in unaffordable debt. The bill would rescind the FDIC’s 2013 guidance addressing bank payday (“deposit advance)” loans; exempt banks and credit unions from the CFPB’s final payday loan rule; and provide for express federal preemption of state law for bank and credit union small dollar loans.