FDIC Guidance on 3rd Party Lending (FinTech take note!)

If you are involved in any aspect of the following in the lending ecosystem, you should review the new FDIC guidance thoroughly:

  • marketing
  • borrower solicitation
  • credit underwriting
  • loan pricing
  • loan origination
  • retail installment sales contract issuance
  • customer service
  • consumer disclosures
  • regulatory compliance
  • loan servicing
  • debt collection
  • data collection, aggregation, or reporting

The guidance is available here (15 pages).

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