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The Bureau has published four reports based upon these data, and, concurrently with the issuance of this Notice of Proposed Rulemaking, the Bureau is releasing a fifth report.
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Justin Welby declared war on the lenders but it is regulators that have taken up the fight with more than one firm going under
The Bureau also solicits comment on the proposed standard for substantially smaller payments and on alternatives—such as a specific percentage decrease in the size of payments relative to payments on the outstanding loan—that would adequately protect consumers while reducing burden on lenders.
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