FDIC Advisory Committee to Highlight Results of FDIC Small-Dollar Loan Pilot
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The Advisory Committee will review how lessons learned from the pilot and other strategies can be used to encourage more banks to offer safe, affordable and feasible small-dollar loans.
Additionally, the Advisory Committee members will continue their discussion on the FDIC's proposed templates for safe, low-cost transactional and basic savings accounts, and will review the public comments received regarding the templates. The FDIC solicited comment on all aspects of the templates, including the potential benefits to under-served low- and moderate-income consumers, product design features that would be attractive to these consumers and feasible for banks, and ways to minimize costs of offering these products.
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