Federal Deposit Insurance Corporation

Predatory Lending Resources | FDIC.gov fdic.gov FDIC Aug 11, 2023 9 facts

claimThe FDIC issued a Supervisory Policy on Predatory Lending on January 22, 2007.

procedureComplaints or inquiries against a bank must be submitted to the FDIC in writing.

claimThe Federal Deposit Insurance Corporation (FDIC) addresses predatory lending by taking supervisory action, encouraging banks to serve all community sectors, and providing consumers with information for informed financial decisions.

procedureConsumers can submit complaints to the FDIC online via a web form at https://ask.fdic.gov.

claimThe Federal Deposit Insurance Corporation (FDIC) addresses predatory lending by taking supervisory action, encouraging banks to serve all community sectors, and providing consumers with information to support informed financial decisions.

procedureConsumers can submit written complaints to the FDIC at 1100 Walnut Street, Box #11, Kansas City, MO 64106.

claimThe FDIC operates the 'Money Smart' financial education program.

measurementThe FDIC provides telephone support for general inquiries at 877-275-3342, available Monday through Friday from 7:00 am to 5:00 pm CT and Saturday from 7:00 am to 12:00 pm CT, excluding holidays.

Fair Lending Report of the Consumer Financial Protection Bureau federalregister.gov Consumer Financial Protection Bureau Jul 2, 2024 8 facts

measurementIn 2023, the FDIC, NCUA, FRB, OCC, and CFPB collectively made 33 referrals to the Department of Justice (DOJ) involving discrimination in violation of the Equal Credit Opportunity Act (ECOA).

referenceThe Federal Financial Institutions Examination Council (FFIEC) is composed of the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Consumer Financial Protection Bureau (Bureau).

measurementIn 2023, the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), and the Federal Trade Commission (FTC) collectively brought four fair lending enforcement actions.

claimThe Federal Deposit Insurance Corporation determined that Cross River Bank failed to establish and maintain internal controls, information systems, and prudent credit underwriting practices in conformance with the Safety and Soundness Standards (12 CFR part 364), the Equal Credit Opportunity Act (15 U.S.C. 1691 et seq. and 12 CFR part 1002), and the Truth in Lending Act (15 U.S.C. 1601 et seq. and 12 CFR part 1026).

claimThe Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) reported violations of 12 CFR 1002.5(b), 1002.5(c), and 1002.5(d) in 2023, which involve prohibited inquiries about an applicant's race, color, religion, national origin, sex, marital status, or income sources like alimony and child support.

measurementIn 2023, the Federal Deposit Insurance Corporation (FDIC) referred seven fair lending matters to the Department of Justice (DOJ).

accountOn March 8, 2023, the Federal Deposit Insurance Corporation (FDIC) issued a public consent order for Cross River Bank under section 3(q) of the Federal Deposit Insurance Act (12 U.S.C. 1813(q)) for engaging in unsafe or unsound banking practices related to compliance with fair lending laws.

claimThe Interagency Task Force on Fair Lending consists of the Consumer Financial Protection Bureau (CFPB), the Department of Housing and Urban Development (HUD), the Federal Trade Commission (FTC), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (FRB), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), the Department of Justice (DOJ), and the Federal Housing Finance Agency (FHFA).

The Impacts of Individual and Household Debt on Health and Well ... apha.org American Public Health Association Oct 25, 2021 7 facts

referenceThe Federal Deposit Insurance Corporation (FDIC) published an analysis on alternative financial services in 2009.

referenceThe Federal Deposit Insurance Corporation (FDIC) publishes the 'How America banks: household use of banking and financial services' report.

perspectiveFederal bank regulating entities, including the Federal Deposit Insurance Corporation, the Federal Reserve Banks, and the Office of the Comptroller of the Currency, should align their actions to ensure equitable access to high-quality and affordable banking products.

perspectiveFederal bank regulating entities, including the Federal Deposit Insurance Corporation, the Federal Reserve Banks, and the Office of the Comptroller of the Currency, should align their actions to make high-quality and affordable banking products available more equitably.

referenceThe Federal Deposit Insurance Corporation (FDIC) published an analysis on alternative financial services.

The Importance of Macroeconomic Indicators - Learning Spotlight wtwealthmanagement.com WT Wealth Management Feb 11, 2026 2 facts

claimInvestments in stocks, bonds, mutual funds, and ETFs are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency, and investors may lose part or all of their account value.

claimInvestments with WT Wealth Management are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.

Financial Literacy: The Guide to Managing Your Money - Annuity.org annuity.org Annuity.org 1 fact

referenceThe Federal Deposit Insurance Corporation (FDIC) provides a financial literacy resource titled 'Money Smart for Older Adults'.

Predatory Lending Practices - House.gov commdocs.house.gov U.S. House of Representatives, Committee on Banking and Financial Services 1 fact

claimThe Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Office of Thrift Supervision (OTS) lack the legal authority to review the affiliates of a bank depository.

Financial Ethics 101: Predatory Lending - Seven Pillars Institute 7pillarsinstitute-org.sevenpillarsconsulting.com Yuqing Li · 7 Pillars Institute Jun 18, 2024 1 fact

referenceThe Federal Deposit Insurance Corporation (FDIC) identifies predatory lending as involving at least one of the following: (a) making unaffordable loans based on borrower assets rather than ability to repay, (b) inducing a borrower to refinance a loan to charge high fees, or (c) engaging in fraud or deception to conceal loan terms from unsophisticated consumers.

2025 Fair Lending Trends | Wolters Kluwer wolterskluwer.com Wolters Kluwer Apr 14, 2025 1 fact

procedureFinancial institutions should review their branching strategy to ensure that branch placement or closure decisions do not raise red flags within the FDIC’s 'reasonably expected market area' (REMA).

Predatory Lending — An Explainer - MECEP mecep.org Maine Center for Economic Policy Mar 24, 2023 1 fact

perspectiveThe Federal Deposit Insurance Corporation (FDIC) should prohibit banks from participating in predatory 'rent-a-bank' schemes.

Federal Deposit Insurance Corporation

Facts (31)