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Anz bank apply for personal loan

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Anz bank apply for personal loan

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Anz bank apply for personal loan

Many of these companies claim that because they operate online, state law doesnt apply to them. As with the tribal lands issue, this question is still open to debate. In that regard, the law is ambiguous, said Barden of the Online Lending Alliance.

Most of the trade groups members dont loan in states that prohibit it, he said, but the Alliance doesnt take a position on whether or not the practice is illegal. Though no federal law prohibits payday lending, some restrictions do exist.

The Electronic Fund Transfer Act, for example, prohibits lenders from only allowing consumers to repay loans through recurring electronic payments -- something that payday lenders do regularly, consumer advocates say. Additionally, guidance issued anz bank apply for personal loan the Federal Deposit Insurance Corporation in 2005 says that payday loans should not be made to anyone who has already been in debt from a payday loan for three months or more of the previous year.

But the agencys guidelines don't have the effect of law and only apply to FDIC-supervised banks.

Anz bank apply for personal loan

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Anz bank apply for personal loan