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Interest is computed monthly at the rate of 1% on the unpaid balance from the date the loan is disbursed.
It should see the 'vast majority' of instant access savings accounts finally live up to their name by providing same-day transfers, the Payments Council says.
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There are some clearer qualifications for student loans to be discharged in bankruptcy coming, and I believe more people will choose that route and be successful (many multiples of how many try and qualify now).
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The Bureau proposes the additional requirements in § 1041.
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I cannot get a supervisor to call back.
The Bureau also solicits comment on the proposed standard for substantially smaller payments and on alternatives—such as a specific percentage decrease in the size of payments relative to payments on the outstanding loan—that would adequately protect consumers while reducing burden on lenders.
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Customer must meet all other opening requirements to qualify.
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