OCC Puts Small-Dollar Loans Back In The Spotlight
PYMNTS
MAY 24, 2018
The guidance did not change any regulation, but clarified the regulator’s stance on the loans, Reuters reported. In 2013, the OCC had discouraged short-term lending by banks with limitations on what could be offered to customers depending on their credit. The rules were rescinded in 2017, leading to this guidance.
Let's personalize your content