Comment Letter: Small-Dollar Lending

The Center for Financial Services Innovation responds to the FDIC’s Request for Information on Small-Dollar Lending and how banks can be encouraged to offer products that are “responsive to customers’ needs and that are structured prudently and responsibly.”

The Center for Financial Services Innovation (“CFSI”) responded to the FDIC’s Request for Information on Small-Dollar Lending and how banks can be encouraged to offer products that are “responsive to customers’ needs and that are structured prudently and responsibly.” As an authority on the financial health of Americans, we have researched the consumer behaviors, products, and providers that comprise the market for small-dollar credit (“SDC”). And we have supported and highlighted innovations in this market that are most consistent with advancing consumers’ financial health.