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The proposed guidelines, which may impact loan providers of pay day loans, automobile name loans, deposit improvements, and specific high-cost installment and open-ended loans

The proposed guidelines, which may impact loan providers of pay day loans, automobile name loans, deposit improvements, and specific high-cost installment and open-ended loans The certain parameters regarding the principal payoff choice consist of: • Restricted to lower-risk circumstances: Under this choice, customers could borrow a maximum of $500 for an loan that is initial.