(Reuters) - "It's an overlooked market," said FDIC Chairman Sheila
Bair, who is pushing for banks to reach out to the potentially
40 million consumers who go to payday lending stores.
About 35 banks have expressed interest in participating in
the program, including 10 national banks, two banks supervised
by the Federal Reserve, and four thrifts, said Andrew Sterling,
who will oversee the pilot program. The banks have assets of up
to $90 billion, he said.
Read more at Reuters.com Government Filings News
Bair, who is pushing for banks to reach out to the potentially
40 million consumers who go to payday lending stores.
About 35 banks have expressed interest in participating in
the program, including 10 national banks, two banks supervised
by the Federal Reserve, and four thrifts, said Andrew Sterling,
who will oversee the pilot program. The banks have assets of up
to $90 billion, he said.
Read more at Reuters.com Government Filings News
No comments:
Post a Comment