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Interagency Press Release |
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Federal Agencies Share Principles for Offering
Responsible Small-Dollar Loans |
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Recognizing the important role small-dollar credit products can play in addressing consumers’ cash-flow imbalances or budget shortfalls, the Federal Deposit Insurance Corporation, Federal Reserve Board, National Credit Union Administration, and Office of the Comptroller of the Currency today issued guidance to financial institutions to encourage them to offer responsible small-dollar loans.
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