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CBA Statement on Deposit Advance Products
April 24, 2013
WASHINGTON, April 24 -- The Consumer Bankers Association issued the following news release:

Statement of Richard Hunt, President and CEO, Consumer Banker's Association:

"CBA believes all products should be offered in a clear and transparent manner, and no product should force consumers into a "debt trap".

CBA member banks who offer deposit advance products already mandate "cooling off" periods for consumers.

Man . . .

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