A Template for Success: The FDIC's Small-Dollar Loan Pilot Program
نویسنده
چکیده
FDIC Chairman Sheila C. Bair has expressed a desire to determine how safe and affordable small-dollar lending can be expanded and become more of a staple product for all banks.2 Pilot banks have demonstrated that the Safe, Affordable, and Feasible Small-Dollar Loan Template is relatively simple to implement and requires no particular technology or other major infrastructure investment. Moreover, adoption of the template could help banks better adhere to existing regulatory guidance regarding offering alternatives to fee-based overdraft protection programs.3 Specifically, this guidance suggests that banks should “monitor excessive consumer usage (of overdrafts), which may indicate a need for
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