Monthly Archives: May 2018
New OCC Policy to encourage Bank Participation in Small Dollar Lending
Last week, the Office of the Comptroller of the Currency (OCC) released a new bulletin outlining steps for banks to offer short-term loans to customers. The overall goal of the policy change is to increase…
Fed Finds 40% of Americans Can’t Cover a $400 Emergency Expense
Four in 10 adults would struggle to cover an unexpected expense of $400, according to the Federal Reserve's Report on the Economic Well-Being of U.S. Households in 2017, released last week.
The fifth annual survey showed…