Government Deposit Insurance Coverage Business Each depositor insured to at the least $250,000 per insured bank Instructions for Payday Lending (Revised 2015) november Purpose This guidance provides information regarding payday lending, a specific types of subprime lending, and supplements and clarifies previously granted guidance about such products, like the July 2003 recommendations for Payday Lending. 1 It defines security and soundness and conformity considerations for examining and state that is