FDIC Guidelines for Payday Lending
Federal Deposit Insurance Corporation (FDIC) offers guidelines for payday lending…
From their website:
This guidance provides information about payday lending, a particular type of subprime lending, and… describes the FDIC’s expectations for prudent risk-management practices for payday lending activities, particularly with regard to concentrations, capital, allowance for loan and lease losses, classifications, and protection of consumers.
FDIC Guidelines for Payday Lending (External Link)
(http://www.fdic.gov/)
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