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Federal Deposit Insurance Corporation: Directions for Payday Lending

Federal Deposit Insurance Corporation: Directions 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 form of subprime lending, and supplements and clarifies previously given guidance about such programs, like the July 2003 recommendations for Payday Lending. 1 It defines […]