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Asking borrowers retrospective questions about their expectations at the time they started borrowing is likely to suffer from recall problems, as people have difficulty remembering what they expected at some time in the past.
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Assume a lender makes a covered short-term loan for $400 with a 14-day contractual duration (Loan A) to a consumer and the lender is permitted by applicable State law to roll over covered short-term loans.
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HOUSTON--(BUSINESS WIRE)--PreCash today announced the launch of Evolve Money, the first online and mobile app that makes it easy for consumers to track and quickly pay more than 10,000 bills without needing a bank account, credit, debit or prepaid card.