Federal banking regulators encourage banking institutions to supply small-dollar loans

Federal banking regulators encourage banking institutions to supply small-dollar loans Alongside a wave of the latest leadership appointments in the federal banking regulators arrived a mindset change towards Obama-era policies regulating banking institutions’ and credit unions’ ability to provide small-dollar loans. 20 The OCC set the tone in might 2018 whenever it released brand new recommendations welcoming nationwide banks to…

Categorías