Work associated with Comptroller associated with the Currency additionally the Federal Deposit Insurance Corp. will quickly impose limits that are strict alleged deposit-advance loans, based on individuals knowledgeable about the regulators’ plans.
One of the regulators’ meant mandates really are a month-long “cooling-off duration” involving the payment of 1 loan additionally the issuance of some other and a requirement that banking institutions underwrite the merchandise. [Read more…]