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ABA: The American Bankers Association
Compliance News

ABA Urges FDIC to Rescind Guidance on Deposit Advance Services

In a comment letter to the FDIC, ABA reiterated its call for the agency to rescind its 2013 guidance on direct deposit advance services. The letter came in response to a request for information on how the FDIC can encourage banks to offer small-dollar credit products that are economically sustainable while meeting the needs of bank customers.