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Examiners must consult with regional office and region must consult with Washington, if evidence of unfair or deceptive trade practices was usually looked with success for. Where entities apart from banks engage in unfair or deceptive trade practices, FDIC will coordinate its response with ministerial Trade Commission. Payday lending arrangements are subject to identical information sharing restrictions and requirements as any pecuniary type service or product provided by FDIC supervised institutions to consumers. So bank must ensure consumers have been appropriately provided with a copy of bank’s initial, revised, and annual notices, as applicable. Bank… Read Article →

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