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Be very careful about who you're listening to," said Josh Brown, citing an "abject lesson" in the commentary from overnight Tuesday to Wednesday morning.
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Tepper explained, "It's still some of the same issues I've talked about in the past (sic last 3 words redundant)," suggesting margins being under pressure because of wages and "OK" but not "great" returns.
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This is largely true, for example, of community banks and credit unions and also of traditional finance companies, a fraction of whose loans would be covered by the proposed rule.
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The Payroll Department will submit a "Stop Payment" to the bank.
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