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Bank of Fayette County's McCall Wilson
TIME FOR A NEW APPROACH: "Payday lenders sprung up because banks were not in this business and couldn't make money" on small consumer loans, says Bank of Fayette County's McCall Wilson. "If you make it easier for banks to do it, payday lenders won't exist."
Proposed new rules from the CFPB could wind up forcing banks out of the small-dollar lending business, leaving cash-strapped consumers with fewer borrowing options.

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