Each depositor insured to at least $250,000 per insured bank


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Small-Dollar Loan Reporting

The following (or similar) information will be collected on a quarterly basis.

  • Information about the loans in the program:
    • Total number and total dollar amount of loans
    • Average loan term and average dollar size of loans
    • Average interest rates charged, average fees levied, and average calculations of APR, as required by the Truth-in-Lending Act
    • Aggregate delinquency, charge-off and workout refinancing data
  • Information about the program's business value:
    • Profitability of the overall customer relationship (especially if the customer migrated into other products)
    • Profitability and/or break-even data for the overall program
    • Information about whether program customers migrated to other bank products
  • Information about the benefit to consumers
    • Total number and total dollar amount of loans
    • Total number and total dollar amount of linked savings accounts opened as part of the Program
    • Information on duration and withdrawal rates of the linked savings accounts
    • Information on whether program customers continued to use payday loans or other high-cost debt products

To minimize the burden on respondents, FDICconnect will be used to collect electronic reports from participating institutions within 45 calendar days of the end of each quarter.

U.S. OMB control number 3064-0157, expiring October 31, 2010. A federal agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number.



Last Updated 10/31/2007 SmallDollarPilot@FDIC.gov