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What payday proposals mean for small banks, credit unions
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Banking, Consumer Protection, Legislation
Tuesday, April 7, 2015
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The payday lending industry may be bustling from the Consumer Financial Protection Bureau’s recent payday proposals, but the response from credit unions and community banks has been relatively calm. Independent Community Bankers of America President and CEO Camden Fine spoke with Dodd Frank Update about the proposals, discussing how, if enacted in their current form, they may affect the playing field among lenders as well as the number of unbanked consumers.
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