Second-year Berkeley Law student and CAPS member Hanne Jensen has submitted a public comment on behalf of the Consumer Advocacy and Protection Society (CAPS) cautioning the Federal Deposit Insurance Corporation against changing their guidance for financial institutions offering small-dollar “payday” loans. Following the Office of the Comptroller of the Currency’s rescission of its guidance, some banks have begun exploring offering high-interest, small-dollar loans to consumers. Considering issues involving enforcement, administrability, and the high risk of an under-regulated lending market, Jensen urges the FDIC to retain their current guidance to protect vulnerable borrowers. The public comment can be found online here: https://www.fdic.gov/regulations/laws/federal/2018/2018-small-dollar-lending-3064-za04-c-032.pdf