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Under § 1031(c) of the Dodd-Frank Act, the Bureau shall have no authority to declare an act or practice unfair unless it has a reasonable basis to conclude that it “causes or is likely to cause substantial injury to consumers which is not reasonably avoidable by consumers” and such substantial, not reasonably avoidable injury “is not outweighed by countervailing benefits to consumers or to competition.
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Borrowers offered smaller loans may benefit if this enables them to repay the loan, when they would otherwise be unable to repay and experience the costs associated with reborrowing, default, or the costs of being unable to pay for other financial obligations or living expenses.
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26 May 2015
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Did I note the consumer service?
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30 January 2016
ZIP codes near Abbeville
- 70546, 70809, 71241, 70364, 71055, 70123, 70726, 70448, 71201, 70072, 71201, 71075, 70433, 70130, 70360, 71111, 70817, 70058, 70433