- Small-dollar loans are in strong demand. The goal of a small-dollar loan program is to enable insured institutions to better serve an underserved and potentially profitable market, while helping consumers avoid, or transition away from, reliance on high-cost debt.
- The guidelines encourage insured institutions to offer small-dollar loan products that have affordable, reasonable interest rates with no or low fees and payments that reduce the principal balance of the loan.
- As part of their programs, institutions may consider offering financial education and a savings component in order for borrowers to reduce their reliance on high-cost, short-term credit.
- During a Community Reinvestment Act (CRA) examination, FDIC examiners may favorably consider small-dollar loan programs when evaluating the lending performance of small, intermediate-small, and large institutions. A small-dollar loan program may be viewed as uniquely responsive in helping to meet the credit needs of a community.
FDIC-Supervised Banks (Commercial and Savings)
Chief Executive Officer
Chief Loan Officer
Chief Compliance Officer
Chief Information Technology Officer
Affordable Small-Dollar Loan Guidelines
Robert Mooney, Acting Deputy Director, Compliance & Consumer Protection, at (202) 898-3911 or
April Breslaw, Acting Associate
Director, Compliance Policy & Examination Support Branch,
at (202) 898-6609 or APBreslaw@fdic.gov;
Acting Chief, CRA/Fair Lending Section, at (202) 898-3912
or Carol Rosa, Policy Analyst, at
(202) 898-8515 or CRosa@fdic.gov
FIL-50-2007 - PDF (PDF Help)
FDIC financial institution letters (FILs) may be accessed
from the FDIC's Web site at
To receive FILs electronically, 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).