Deposit Advance Products Pose No Safety and Soundness Issues

<u>Deposit Advance Products Pose No Safety and Soundness Issues</u>

As mentioned, the OCC and FDIC have actually prefaced their proposed tips of deposit advance items on soundness and safety issues. Nonetheless, there was small proof to offer the premise why these items pose any security and soundness dangers into the banking institutions that provide them. You will need to note some banking institutions have actually provided deposit advance services and products for quite some time with small or no soundness and safety issues, and now we are uncertain regarding the foundation for the Agencies’ concerns over institutional security and soundness. Close regulatory assessment of the services and products has yielded reasonably very good results and, notably, demonstrated that close working relationships between banking institutions and regulators may result in the introduction of wise and reasonable services and products. Continuer la lecture de « Deposit Advance Products Pose No Safety and Soundness Issues »