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- Additionally, the Department of Labor has pushed the deadline for full implementation of their new rules.
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The Bureau notes that it has received recommendations from the Small Dollar Roundtable, comprised of a number of lenders making loans the Bureau proposes to cover in this rulemaking and a number of consumer advocates, recommending that the Bureau require income verification as provided for above.
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Private loans have much stricter collection programs when compared to a federal student loan.
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Letter from Debbie Matz, Chairman, NCUA, to Aaron Siegel, Alternate OSD Federal Register Liaison Officer, Dep't of Defense, at 5 (Dec.