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FDIC Must Not Enable Banking Institutions to Make loans that are payday says Coalition Letter

FDIC Must Not Enable Banking Institutions to Make loans that are payday says Coalition Letter

As seat of FDIC considers policy, broad coalition urges regulators and banking institutions in order to prevent toxic loans that trap customers with debt

WASHINGTON, D.C. – The head united check cashing title loans associated with the Federal Deposit Insurance Corporation (FDIC), Jelena McWilliams, is “reviewing whether or not to rescind instructions for ‘deposit advance’ loans,” according to an meeting she had because of the Wall Street Journal.

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