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OCC BULLETIN 2013-40
Subject: Deposit Advance Products
Date: December 26, 2013
To: Chief Executive Officers of All National Banks and Federal Savings Associations, Federal Branches and Agencies, Department and Division Heads, All Examining Personnel, and Other Interested Parties
Description: Final Supervisory Guidance
The Office of the Comptroller of the Currency (OCC) on November 26, 2013, issued in the Federal Register final “Guidance on Supervisory Concerns and Expectations Regarding Deposit Advance Products” (guidance). This guidance addresses safe and sound banking practices and consumer protection in connection with deposit advance products (DAP).
Please direct questions regarding the guidance to Robert Piepergerdes, Director for Retail Credit Risk, at (202) 649-6220; Kimberly Hebb, Director for Compliance Policy, at (202) 649-5470; or Kenneth Lennon, Assistant Director for Community and Consumer Law, at (202) 649-6350 or (202) 649-6770.
John C. Lyons Jr.