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Reg Change ManagementRCM
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Vector42212023-02-21
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CREATED BY
Brian Scherer
Regulatory Change Article
Business Website
Output
The article from Financial Reg News discusses a bill that has been introduced in Congress to curb some of the abuses associated with payday lending. The Payday Lending Reform Act aims to ensure that borrowers can repay the loans and that lenders follow fair and transparent lending practices, such as clearly disclosing fees and interest rates, providing repayment options, and prohibiting lenders from engaging in predatory practices. This bill could have significant implications for the business with the website getgrid.app.

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