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After choosing a partner, consumers can visit the partner website to learn more about qualifying for a loan and the loan terms and rates.
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The Bureau further believes that these requirements would accommodate situations in which the consumer wishes to authorize additional payment transfers promptly, given that in many instances the lender could obtain the consumer's authorization on the same day that the notice is provided and received, particularly when the notice is provided in person or electronically.
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Policy Matters Ohio reports that payday lenders like Ace Cash Express and Loan Max, following payday lenders' lead, are using alternative lending licenses to issue auto title loans.
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