Traditional Financial Institutions Archives

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Feds Encourage Banks to Compete with Payday Lenders

by Banker & Tradesman | May 24, 2018

With millions of U.S. consumers borrowing nearly $90 billion every year from payday lenders, U.S. Comptroller of the Currency Joseph Otting is encouraging traditional financial institutions to offer responsible short-term, small-dollar installment loans.

Feds Encourage Banks to Compete with Payday Lenders

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