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Congress is currently thinking about the Pay Day Loan Reform Act of 2009 (HR 1214 IH). This statement could fundamentally control payday loans, but consumer protection teams are opposed. In a current notification to U. S. Agent Gutierrez, the bill‘s recruit, several communities such as the National Consumer Middle assert that H. R, . 1214 presents Congressional consent for individual-repayment loans of percentage RATE for 390 percentage RATE for 2 months or one week.
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