FDIC Refreshes Guidance on High-Risk Customers

By Joe Mont2015-01-29T15:15:00

Gun merchants, strippers, and payday lenders rejoice! The Federal Deposit Insurance Corp. has signaled an end to its effort to restrict industries deemed as “high risk” from banking access. The FDIC tells banks to take a risk-based approach in assessing individual “customers, rather than declining to provide banking services to ...

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FDIC Refreshes Guidance on High-Risk Customers

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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”