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jciprod01productnDDIK1271DIK102.txtunknownSeq: 125OCT2211:19The Magic of Fintech? Insights for a Regulatory Agenda from Analyzing Student Loan Complaints Filed with the CFPB Matthew Adam Bruckner
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Predatory fintech refers to financial technology companies that exploit consumers through deceptive practices, high fees, and predatory lending. The form associated with predatory fintech is a regulatory document required to report such practices.
Entities engaged in providing financial services that may involve predatory practices, including fintech companies, lenders, and financial institutions offering high-cost loans or similar products.
To fill out the form, companies must provide detailed information regarding their business practices, interest rates, fees charged, and consumer complaints received. Instructions specific to the form should be followed carefully.
The purpose of the form is to increase transparency within the financial industry, protect consumers from predatory practices, and ensure that regulatory bodies can monitor and take action against such practices.
Information that must be reported includes company details, types of financial products offered, interest rates, fees, terms of loans, consumer complaint data, and compliance with lending laws.
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