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Additionally, the Bureau is concerned that lenders might respond to such an approach by re-characterizing their fees in some other manner.
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‘For the past six years, councils have been passing down savage cuts to the poorest in society, using bailiffs to violently recover debts from the working poor, claiming they have no other option, monthly installment payday loans in Harrodsburg.
As noted above, the Bureau believes that many lenders use automated loan origination systems and would modify those systems or purchase upgrades to those systems such that they automatically order a consumer report from a registered information system during the lending process.
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