OCC, FDIC clamp down on payday lenders

11/22/2013 | Washington Post (tiered subscription model), The

The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. issued guidance Thursday limiting short-term, high-interest loans. Of large banks, the guidance affects Wells Fargo, U.S. Bancorp, Guaranty Bank and Bank of Oklahoma.

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Washington Post (tiered subscription model), The

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