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For example, under the Bureau's proposed approach, a lender may be able to obtain verification evidence of net income for a consumer who is paid in cash by using deposit account records (or data derived from deposit account transactions), if the consumer deposits income payments into a deposit account, direct lender payday loans in Texas.
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Their primary objective is facilitating the process of affordable lending, and not merely extracting a profit from you.
The Bureau is concerned that some of these practices may be unfair, deceptive, or abusive.
Washington State residents only: If you suspect illegal or fraudulent activity involving a financial product or service, please contact the Department at 1-877-RING-DFI (746-4334), or online at nancybranton.info>