In order to get banking institutions and credit unions up to speed, they will must be in a position to process the loans

In order to get banking institutions and credit unions up to speed, they will must be in a position to process the loans Quickly and cheaply—by automating their underwriting, as an example. Also to accomplish that, they require clear guidelines exactly how federal regulators want the monetary sector to cope with small-dollar loans. The CFPB

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