Safety and soundness concerns in FDIC Payday Lending Guidance clearly mention that there should be adequate capital as Minimum capital requirements are not enough to offset the risks of payday loans. Banks should hold capital against its subprime portfolio in amounts:
A) That are 1½ to 5 times greater than normal
B) That are 1½ to 3 times greater than normal
C) That are 1½ to 3 times lower than normal
D) That should be between 2-5 in comparison to normal
Correct Answer:
Verified
Q33: Underwriting standards in Subprime Mortgage Lending include:
A)
Q34: Supervisory review should also be the part
Q35: Below mentioned list shows the significant risks
Q36: Examples of unfair practices mentioned in guidelines
Q37: _ is frequent refinancing that do not
Q39: Institutions that offer nontraditional mortgage products should
Q40: Which of the following are recommended practices
Q41: Practice/s addressed in the guidance of OCC
Q42: OCC advisory on credit card practice-AL-2004-10 in
Q43: Under Consumer Leasing Act Enforcement-15 USC 1667d
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