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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Since 1933, no depositor has lost a penny of FDIC-insured funds

Financial Institution Letters

May 20, 2020

Interagency Guidance for Responsible Small-Dollar Loans

Printable Format:

FIL-58-2020 - PDF (PDF Help)


The FDIC, Board of Governors of the Federal Reserve System (FRB), Office of the Comptroller of the Currency (OCC), and National Credit Union Administration (NCUA) (collectively, the "agencies") recognize the role small-dollar loans can play in helping borrowers meet credit needs due to cash-flow imbalances, unexpected expenses, or temporary income shortfalls. The agencies are issuing guidance principles (the "interagency guidance") to clarify regulatory expectations in a manner that encourages financial institutions to offer responsible small-dollar loans.

Statement of Applicability to Institutions Under $1 Billion in Total Assets: This Financial Institution Letter (FIL) applies to all FDIC-supervised institutions.



Suggested Routing:




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