11. Why do you think the Rule of 78 finance charge method is considered unfair and illegal in 17 states?
12. Why might a bank be in favor of using such methods? In your opinion, is it good practice for a financial institution to fully explain the terms and systems they use to calculate interest and handle loan repayment?
12. Why might a bank be in favor of using such methods? In your opinion, is it good practice for a financial institution to fully explain the terms and systems they use to calculate interest and handle loan repayment?
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