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The Bureau believes that restricting the availability of the proposed exemption for the loans sharing certain features of NCUA's Payday Alternative Loan program to covered longer-term loans would permit lenders an alternative way to make relatively lower-cost loans without disrupting the core features of the Bureau's proposed framework for regulation in the affected markets.
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There is now no need for customers to visit or queue at any bank branches as paying in is available using the following methods: Bank Transfer, Post Office, PayPoint, Wages, Benefits, Cheques (by post).
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