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Dimon Pledges to improve JPMorgan’s Methods on Pay Day Loans

Dimon Pledges to improve JPMorgan’s Methods on Pay Day Loans Jamie Dimon, the executive that is chief of Chase, vowed on Tuesday to improve the way the bank addresses Internet-based payday lenders that automatically withdraw re re re payments from borrowers’ checking reports. At an investor conference on Mr. Dimon called the training, that was the topic of a write-up into the ny occasions on Sunday, “terrible. tuesday” He said JPMorgan had been examining the problem and will make modifications. While JPMorgan Chase will not directly make the loans, the…

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Minnesotans burned by far-away online loan providers

Minnesotans burned by far-away online loan providers Predatory lenders from Malta, the western Indies and remote places lure borrowers into loans with annualized interest levels topping 1,500 per cent. This informative article ended up being monitored by MinnPost journalist Sharon Schmickle and manufactured in partnership with pupils in the University of Minnesota School of Journalism and Mass correspondence. It really is one in a number of periodic articles funded by way of a grant through the Northwest region Foundation. “They have now been harassing me personally at your workplace and…

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