2013 FDIC Office of the Comptroller of the Currency 
PYMNTS
MAY 24, 2018
The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. In 2013, the OCC had discouraged short-term lending by banks with limitations on what could be offered to customers depending on their credit.
PYMNTS
OCTOBER 11, 2017
There’s the OCC for national banks; for small state there is the FDIC; medium banks have the Fed and there is NCUA for credit unions. The Office of the Comptroller of the Currency (OCC) has offered some preliminary guidance to roll back more restrictive rules from 2013 but has only hinted that it might offer more specific rules in the future.
Expert insights. Personalized for you.
Let's personalize your content