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The Bureau requests comment on all aspects of the appropriateness of the proposed approach.
It can affect your ability to get credit and may also prevent you from getting a job.
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The Bureau also seeks comment on whether lenders would anticipate making covered short-term loans under proposed § 1041.
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Responsible borrowing allows people to meet their needs and goals, as well as emergencies, in a measured way without seriously disrupting their ability to manage their household finances.
The Bureau solicits comment on whether the repayment structure requirements are appropriate for this conditional exemption.
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