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The Military Lending Act limits certain terms on extensions of consumer credit, defined by the Department of Defense's regulation, to members of the active-duty military and their dependents.
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The payday lender also agreed to engage an external compliance consultant to ensure that it complies with consumer credit laws, and will have to report back to ASIC.
If the United States gave the IMF $100 billion in cash, it would receive an interest-bearing note from the IMF in exchange.