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If the FTC wins its case, the impact on the lenders cash flow and profits will be significant, if not extreme. If the ability to extract payments by means of electronic funds transfers that extend the life of the loan while fees rapidly mount is what this industry is built on, there could be an industrywide shakeout from which the industry may not recover. pentax optio s50 manual money.gwendolen.biz/
sub zero bi36ufd/o It also wants to see a crackdown on the murky world of lead generators - intermediaries that sell details of customers wanting a loan to the payday companies.
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molten wow guide hunter I think the APR approach works just fine if used to describe the business practices of payday lenders or the overall effect on consumers. In fact, most people do the math wrong, and fail to account for the fact that interest earned by payday lenders is compounded bi-weekly if they continuously re-lend!
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