Bloomberg News
The OCC's Curry raised "significant concerns regarding the misuse" of deposit advance products.

Banks and Third-Parties Hit with Tighter Guidelines on Payday Loans

Two federal regulators issued guidance Thursday on deposit-advance products that establish strict underwriting standards for payday loans offered by banks and any related third-party vendor.

To continue, please log in, register or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.

This feature displays payments industry news and analysis from American Banker sibling brand PaymentsSource. Registration is required; for more information contact customer service.

TWITTER
FACEBOOK
LINKEDIN
Already a subscriber? Log in here
Please note you must now log in with your email address and password.