Reining in Bank Payday Lending. The guts for United states Progress applauds the FDIC and OCC’s efforts to look at deposit-advance items

Reining in Bank Payday Lending. The guts for United states Progress applauds the FDIC and OCC’s efforts to look at deposit-advance items

Two bank that is federal, the Federal Deposit Insurance Corporation, or FDIC, and also the workplace for the Comptroller for the Currency, or OCC, recently asked for remarks to their “Proposed help with Deposit Advance Products.” See the complete remark page to your FDIC right here also to the OCC right right right here.

The guts for United states Progress applauds the FDIC and OCC’s efforts to look at deposit-advance services and products. A deposit-advance loan is really a loan that is short-term bank clients whom utilize direct deposit to immediately include earnings for their reports.