Federal banking regulators encourage banking institutions to supply small-dollar loans Alongside a wave of the latest leadership appointments during the banking that is federal arrived an attitude change towards Obama-era policies regulating banking institutions’ and credit unions’ ability to provide small-dollar loans. 20 The OCC set the tone in might 2018 whenever it circulated brand new directions welcoming nationwide banks to supply little short-term loans to subprime customers. 21 Shortly thereafter, the nationwide Credit Union Administration (NCUA) proposed a guideline…