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For the reasons discussed above, the Bureau believes that the proposed rule would have a substantial impact on the markets for payday loans and single-payment vehicle title loans.
Figures are for illustrative purposes only and are The above assumes the initial repayment is made 30 days after we have provided you with the credit.
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Together with his wife Holly, he co-founded the popular personal finance website Club Thrifty.
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In order to present a clear analysis of the benefits and costs of the proposal, this section first describes the benefits and costs of the proposal to lenders and then discusses the implications of the proposal for the overall markets for these products.
The Bureau believes that the proposed requirements and conditions in § 1041.