Federal Deposit Insurance Corporation: Tips for Payday Lending

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