Agencies Urge Banks and Thrifts to Evaluate dangers with Vendors Engaged In Practices regarded as Abusive To people

Agencies Urge Banks and Thrifts to Evaluate dangers with Vendors Engaged In Practices regarded as Abusive To people

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Workplace associated with the Comptroller associated with the Currency Workplace of Thrift Supervision

WASHINGTON — The Office for the Comptroller associated with Currency (OCC) and Office of Thrift Supervision (OTS) today alerted nationwide banks and federal thrifts that the agencies have actually significant security and soundness, compliance and customer security issues with banking institutions and thrifts stepping into contractual arrangements with vendors to fund alleged “title loans” and “payday loans. “