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Bank lending and the Payday Lending Rule

Answered by: 

Question: 
Will the Payday Lending Rule affect most of the loans that banks make to consumers?
Answer: 

Actually, most loans that banks routinely make to consumers won’t be affected, but some loans to consumers could be covered by the rule. We’ll discuss which loans banks may want to limit or avoid.

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Learn more about John Burnett’s webinar The Payday Lending Rule – Update and status check

First published on 11/29/2020

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