Categories
lendup loans online payday loans

FDIC Must Not Enable Banking Institutions to Make Pay Day Loans, says Coalition Letter

FDIC Must Not Enable Banking Institutions to Make Pay Day Loans, says Coalition Letter

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

WASHINGTON, D.C. – The mind associated with the Federal Deposit Insurance Corporation (FDIC), Jelena McWilliams, is “reviewing lendup loans app whether or not to rescind recommendations for ‘deposit advance’ loans,” according to a job interview she had with all the Wall Street Journal.