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Prescriptive limitations on bank-offered deposit advance services and products will result in less competition.

Prescriptive limitations on bank-offered deposit advance services and products will result in less competition. Customer need is obvious: Bank clients consistently sign up high satisfaction prices for deposit advance products. At a industry hearing held by the CFPB on 19, 2012 in january Birmingham, Alabama, Director Richard Cordray remarked, “I want to be clear about […]

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