Short-Term, Small-Dollar Lending: Rules Issues and Implications

Short-Term, Small-Dollar Lending: Rules Issues and Implications Short-term, small-dollar loans are consumer loans with fairly low initial major amounts (often not as much as $1,000) with fairly repayment that is short (generally speaking for only a few months or months). Short-term, small-dollar loan items are frequently employed to pay for cash-flow shortages that will take …

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