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The Bureau seeks comment on whether this proposed prohibition is appropriate to carry out the purposes and objectives of Title X of the Dodd-Frank Act.
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It further found that if a borrower did not repay or pay to roll over the loan on time, store personnel would initiate collections.And with the relaxation of the interest capping laws, a lot of short term lenders partnered with banks to provide rebranded products such as , payday online loans
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