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Present guidelines enable a wide number of financing.

Present guidelines enable a wide number of financing.

CERTAINLY ONE OF THE KEY CONDITIONS in the Fairness in Lending Act is the fact that it makes a limit as to how much these businesses may charge in interest and costs — a maximum of 50 per cent. It is made to avoid these firms from bilking customers into shelling out a lot more cash than they borrowed within the place that is first a key function associated with the industry that helped make the title “predatory.”