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To get banks and credit unions up to spe...

To get banks and credit unions up to speed, they will must be in a position to process the loans Quickly and cheaply—by automating their underwriting, for instance. Also to accomplish that, they want clear guidelines about how precisely federal regulators want the monetary sector to handle small-dollar loans. The CFPB kept their laws extremely certain, so they would target payday loan providers but not counter more-traditional entities from making smaller loans. Nevertheless the work that is actual of exactly exactly how those loans could work falls to regulators...