Federal Deposit Insurance Corporation: Recommendations for Payday Lending

Federal Deposit Insurance Corporation: Recommendations for Payday Lending Each depositor insured to at the very least $250,000 per insured bank Purpose This guidance provides details about payday lending, a specific variety of subprime lending, and supplements and clarifies previously released guidance about such programs, like the July 2003 instructions for Payday Lending. 1 It defines […]