Response of the Risk Management Association's Community Bank Council and Mid-Tier Bank Council

RMA’s Community Bank Council and Mid-Tier Bank Council have filed a comment letter with the Federal Deposit Insurance Corporation in response to the FDIC’s Request for Information on Small Dollar Lending.

RMA’s letter describes a vision for involving more banks in small dollar lending, which would provide an important service to the millions of consumers who are currently forced to rely on payday lenders.

Read the RMA press release here.

The comment letter can be read here.