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Using the revenue impacts calculated above for storefront lenders just using the Alternative Approach, which were about 70 percent without accounting for additional ATR lending or for changes in product terms or mixes, the Bureau forecasts that a large number of storefronts would close if the proposed rules were adopted, but that consumers' geographic access to stores would not be substantially affected in most areas, 1000 payday loan in Tennessee.
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Raj Date, the chief executive of Fenway Summer, said lenders are still likely to seek QM status for their mortgages.
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