In The News

Benjamin Diehl quoted in "Banks Aren’t Rushing to Offer Deposit Advance Loans"

Benjamin G. Diehl, special counsel in Stroock’s Financial Services/Class Action and Government Relations Groups, was quoted in a Bloomberg BNA article that discusses how banks that previously offered deposit advance products aren’t rushing to reenter the market following a policy shift last month by federal regulators. Last month, the Office of the Comptroller of the Currency voided 2013 guidance that had prompted six banks to pull out of the deposit advance market amid fears of regulatory scrutiny by examiners. To read the article, please click here.