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In September, I went to a gathering about how to assist low-income individuals improve usage of economic solutions. I discovered myself sitting close to a professional from a big financial-services firm, whom said which he had recently pretended become with no bank take into account an afternoon that is entire. He and a few individuals in their division was indeed delivered to check-cashing stores in places like Harlem to cash checks, deliver cash, and settle…

WASHINGTON The Office for the Comptroller for the Currency announced today that Advance America, money Advance Centers, Inc. and Peoples National Bank, Paris, Texas, have actually consented to end their payday financing arrangement and that the lender has decided to pay $175,000 in civil cash penalties. The consent purchases mark the 4th set that is such of actions the OCC has brought since January 2002, involving nationwide banking institutions which have entered into arrangements with…

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