July 20 2025

Payday Lenders Win a Nod from the FDIC (Not So Much from the OCC)

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FDIC has settled a lawsuit with several payday lenders who allege their accounts were closed not based on their specific business practices, but merely because of the industry in which they operate. While acknowledging that the settlement does not represent a change in the FDIC's policy or guidance, the settle does provide some clarity on the matter of de-risking. The OCC was quick to acknowledge that it was not part of this settlement, nor did it every participate in Operation Choke Point. [5/24/19]

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Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.

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