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This is a very positive step for consumers," Tom Feltner, director of financial services at CFA, said in a statement, real online payday loans in Tennessee.
If these hurdles can be overcome, payday loan customers would be served by the banks where they already have checking accounts — and would save billions of dollars annually.
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By E-Signing your loan agreement, you authorize us to electronically debit your checking account on your pay date of choice within the next thirty days.
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