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Federal Regulators Greenlight Small Installment Loans From Banks

Federal Regulators Greenlight Small Installment Loans From Banks

Brand brand brand New policy encourages alternatives that are safe payday and deposit advance loans


In July, the federal customer Financial Protection Bureau (CFPB) rescinded its balanced 2017 safeguards for payday and comparable loans with terms as high as 45 times. That modification shall be a setback for the an incredible number of borrowers whom won’t have these defenses, but banking institutions might help mitigate the damage. [...]

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