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As discussed in Market Concerns—Short-Term Loans, Market Concerns—Longer-Term Loans, and Market Concerns—Payments above, the Bureau is concerned that practices in the markets for payday, vehicle title, and payday installment loans pose significant risk of harm to consumers, payday online loans in Madison.
Accordingly, the Bureau believes it is unnecessary to propose requirements similar to those proposed for the broader exception in proposed § 1041.
While someone might want a loan to consolidate debt, others might seek one to go on a vacation.
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