| (Payday loan ethical) CHANGEBLUEPRINT #50 Obamas Plan for America |
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THE BLUEPRINT FOR CHANGE Fair Crediting of Cardholder Payments Cap Outlandish Interest Rates on Payday Loans and Improve Disclosure: Obama supports extending a 36 percent interest cap to all Americans. Obama will require lenders to provide clear and simplified information about loan fees, payments and penalties, and hell require them to provide this information during the application process. Encourage Responsible Lending Institutions to Make Small Consumer Loans: Obama will encourage banks, credit unions and Community Development Financial Institutions to provide affordable shortterm and small-dollar loans and to drive unscrupulous lenders out of business. Reform Bankruptcy Laws to Protect Families Facing a Medical Crisis: Obama
Author: h4ck3rm1k3 More info.... |
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