423-623-5755

Prudential regulators outline axioms on small-dollar financing

Prudential regulators outline axioms on small-dollar financing May 20, the FDIC, Federal Reserve Board, OCC, and NCUA issued joint concepts for providing responsible small-dollar loans. The agencies note the “important part” that small-dollar financing can play during times of financial anxiety, like the Covid-19 pandemic, and issued the guidance to...