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For example, a borrower who has a loan due and is unable to repay one-third of the original principal amount (plus finance charges and fees) but who anticipates an upcoming windfall may experience costs if they are unable to re-borrow the full amount due because of the restrictions imposed by the proposed rule.
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The TCF CommandLine is TCF's Home Equity Line of Credit, which provides you access to the equity in your home.
The Bureau's supervisory examinations uncovered evidence that one or more payday lenders train employees not to mention repayment plans until after the employees have offered renewals, and only then to mention repayment plans if borrowers specifically ask about them.
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