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Home » Store » Taxable » FDIC Vows More Punch in Efforts to Rein in Abuse

FDIC Vows More Punch in Efforts to Rein in Abuse

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Banks and thrifts subject to supervision by the Federal Deposit Insurance Corp. could face tougher scrutiny of their businesses in the coming months, if the agency follows through with a pledge to revamp its approach to abusive lending. In response to a report issued last month by its Office of the Inspector General, the FDIC said that it will develop an “overall supervisory approach” to predatory lending through a process that will include a…
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