- The availability of credit to consumers with limited or problem credit histories has increased over the past decade. At the same time, competition in the credit markets to lend to both prime and subprime borrowers has resulted in lenders offering a broad variety of credit products. As credit products become more complex and available to a wider array of borrowers, risks associated with predatory or abusive practices increase.
- The FDIC combats predatory lending by stopping abusive practices through the examination process and supervisory actions; encouraging banks to serve all members and areas of their communities fairly; and providing information and financial education to help consumers make informed choices from the wide array of available financial services.
- The FDIC will continue to address predatory lending through vigorous safety and soundness and compliance examinations and enforcement, industry outreach and adult financial education programs.
FDIC-Supervised Banks (Commercial and Savings)
Chief Executive Officer
Chief Loan Officer
Chief Compliance Officer
Unfair and Deceptive Acts and Practices by State-
Chartered Banks; Risks Associated with Subprime
Lending; Nontraditional Mortgage Products; Fair
Lending; Community Reinvestment; Consumer
FDIC Supervisory Policy on Predatory Lending
Robert Mooney, Acting Deputy Director,
Compliance and Consumer Protection, Division of
Supervision and Consumer Protection, on 202-898-
FIL-6-2007 - PDF 51k (PDF Help)
FDIC financial institution letters (FILs) may be
accessed from the FDIC's Web site at
To receive FILs electronically, please visit
Paper copies of FDIC financial institution letters
may be obtained via the FDIC's Public Information
Center (1-877-275-3342 or 703-562-2200).