French Economy

$489 million to illegal internet payday loan victims approved by Virginia court

RICHMOND, Va. (WRIC) – The federal court in Richmond has preliminarily approved a class action settlement that would grant relief of $489 million to victims of illicit internet lending. The verdict came Thursday, May 12, and affects some 555,000 consumers who have been charged over 600% interest on loans by predatory internet payday lenders. Legal cases against predatory lenders began ...

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A look at the recent changes in the online lending industry – CONAN Daily

There have been some big changes in the payday online lending industry in the last few years. Many lenders in particular have moved towards more responsible and moral lending practices. This is a welcome change as online payday loans can be a helpful tool for those in need of quick cash. However, it is important to ensure that you are ...

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Apply for Online Payday Loans for Unemployed at Filld.com – CryptoMode

When you’re unemployed, you have a hard time covering your expenses. At some point, you may decide to borrow money from a direct lender. Will it be easy? It depends on many factors. Getting payday loans for unemployed can be a reasonable solution to your financial problems. But it can come with high interest rates and service fees. If you ...

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Impact of COVID-19 on Online Payday Loans Market Share, Size, Trends and Growth from 2022 to 2031 – themobility.club

A recent report on the Global Online Payday Loans Market published by Market Reports provides a global overview and opportunity assessment for the time being. The study provides an in-depth examination of the key market trends. To forecast the Online Payday Loan growth with the greatest precision the analysts consider both historical and current growth parameters. The kOnline Payday Loans ...

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Cost-of-living crisis: district credit union warns of payday loans and loan sharks

Now the credit union CLEVR Money, the credit union for Preston, Blackpool, Fylde, Wyre and Lancaster, has warned of the financial disaster many could face if they resort to high-interest borrowing. The warning comes as the Credit Union, a nonprofit with around 5,000 members, reported receiving a rising number of loan applications. Register to our daily newsletter CLEVR Money managers ...

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Warning: Payday loans, BNPL loans are in dire need of regulation

Emily Chantiri* advocates regulation of payday loans and buy-now, pay-later (BNPL) services, saying young people are slipping through the loopholes. Getting a payday loan is easy, but that’s where the problem lies. Not enough is being done to discourage payday lenders from lending money to people who might have trouble paying it back. The lack of background checks on loan ...

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Payday Loan Services Market Will See Amazing Growth Through 2031 – Blackswan Real Estate

marketreports.info analysts forecasts latest report on “Global Payday Loans Service Market (Covid-19) Impact and Analysis by 2030” according to Payday Loans Service report; The Payday Loan market report encompasses the overall and all-inclusive analysis of the Payday Loan market with all its factors impacting the market growth. This report is anchored on the thorough qualitative and quantitative assessment of the ...

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Delaware (DE) payday loans and personal payday loans online

Delaware (DE) payday loans and personal payday loans online Delaware (DE) payday loans and personal payday loans online 4 days ago Budget > payday loans > payday loans in delaware > payday loans in wilmington, de. Payday Advances in Wilmington, De. Get Payday Loans Register for generating a mortgage. Bad credit records are no longer ...

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It’s time to intervene on payday loans

Sometimes requests to governments seem so perfectly reasonable that it is amazing that they have to be repeated over and over again. In a report last week, ACORN, a nonprofit group that advocates for low- and middle-income Canadians, again calls on the federal government to crack down on exorbitant interest rates charged by expensive lenders. The swanky outlets offering payday ...

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P2P Loans vs. Payday Loans

The cost of living is rising and more of us will likely be looking for consumer finance solutions in the near future. Various options are available to consumer borrowers, from bank overdrafts to credit cards. But for some borrowers, a personal loan may be the best choice. Despite the departure of high-profile consumer lenders like Zopa and Lending Works, there ...

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Payday Loan Services Market: Ready for High Growth Trends: Wonga, Cash America International, Wage Day Advance

Payday Loans Market: Intense competition but high growth and extreme valuation This press release was originally distributed by SBWire New Jersey, NJ – (SBWIRE) – 03/22/2022 – Latest Payday Loan Services Market Industrial Growth Study 2022-2028. A detailed study compiled to offer the latest insights into the acute characteristics of the Payday Loan Services market. The report consists of various ...

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Windsor Council hopes to educate the public about the risks of payday loans

Windsor City Council wants to educate the public about the risks associated with payday loans. The city council is due to receive a report on the matter from the city administration at its meeting on Monday. district 3 district. Rino Bortolin said the regulation probably wouldn’t have a major impact on the city’s payday loan businesses, which can charge very ...

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Martin Lewis’ advice for struggling families turning to payday loans

Martin Lewis has offered advice to families turning to payday loans because of the cost of living crisis. A new survey has found that rising energy, fuel and grocery costs coupled with worries about paying household bills are driving a rising demand for payday loan interest to make ends meet. Experts warn that payday loans can be a bad way ...

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The Truth About Payday Loans: Sky-High APRs

When faced with unexpected expenses, a payday loan can be the perfect solution. It’s quick and easy to apply, and you can get the money you need in just a few hours. But before you take out a payday loan, be sure to read the fine print. Payday loans come with sky-high APRs, and if you can’t pay them back ...

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Payday loans and overspending left me £11,000 in debt

IF you’re struggling to make ends meet you might think payday loans and credit cards are your only option – but this left Miranda Malanga £11,000 in debt. Miranda, 34, who lives in Oxfordshire and is now a safety manager at a pharmaceutical company, found herself in a “vicious circle” when she took out payday loans to pay her bills ...

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How to apply for payday loans

Payday loans are expensive short-term loans that borrowers usually use to meet their financial obligations. These small, short-term loans come with high interest rates and high fees. While payday lenders market their products as quick and easy ways to cover financial emergencies, the reality is that many consumers are trapped in a cycle of debt. Many payday loan borrowers are ...

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I’ve gone from taking benefits and taking payday loans to making $1.4 million a year with a side job

CREDIT can make or break your future, is the lesson of Dallas-based entrepreneur Arnita Johnson-Hall. The founder of AMB Credit Consultants shared how she turned her poor credit rating into a huge business opportunity. 1 Arnita Johnson-Hall’s AMB Credit Consultants business had gross sales of $1.1 million in 2016 Speaking to CNBC recently, Johnson-Hall said it was 2007 when she ...

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The proposed vote would cap “predatory” interest rates on payday loans

LANSING, MI — An election committee is working to put a question on November’s vote that would block payday lenders from charging “predatory” interest rates if voters approve them. The Michiganders for Fair Lending campaign officially launched its petition campaign on Wednesday to cap interest rates on high payday loans. Proponents say it creates a debt cycle that is impossible ...

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Top 5 Same Day Payday Loan Matching Services

Are you facing a financial crisis and need quick money? Anyone can face financial hurdles in life. Luckily, same day payday loans can help you on bad days. 1. Viva payday loan Viva Payday Loans is an online brokerage site that connects borrowers with leading lenders that offer same-day payday loans to people with bad credit. Loan amounts range from ...

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Are installment loans and payday loans the same thing? –

Are installment loans and payday loans the same thing? When people need cash right away, they often fail to shop around and explore credit options. However, the impact of hasty borrowing can be severe. For this reason, we analyze and discuss the differences and similarities between two common types of credit: payday and installment credit. So here’s what you need ...

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Northstar Loans offers Milwaukee payday loans

Milwaukee, WI – When money is tight, it can be difficult to ask friends or family for a loan, especially now that everyone is trying to make ends meet. Northstar Loans, a loan agency with 3 conveniently located offices in the Milwaukee area, serves individuals struggling with bills. The agency is staffed by discreet credit managers who are committed to ...

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Payday Loans Maine offers you financial assistance with no credit check or other paperwork –

Maine enjoys a low cost of living, affordable housing and many industries for work across the state. However, with a median state income of $56,000, Maine residents earn less than the national average. This leaves many residents with unpaid bills while waiting for payday. Don’t let a big utility bill or an extra trip to the grocery store lead to ...

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Payday Loan Service Key Plan Sheets End Users, Accounting for Maximum Sales: Study – Sox Sphere

The main objective of the Payday Loans Service market report is to help the reader to understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges the market is facing with key geographies and emerging countries. Readers will find this report very helpful in understanding the market in depth. Data and market information comes ...

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Is San Antonio’s FloatMe a Safer Alternative to Payday Loans?

FloatMe, a San Antonio tech startup that gives workers cash advances against their next paycheck, said it raised $16.2 million from investors in its latest fundraising round. In total, the startup has raised $49.1 million in funding since June 2019, including $25 million in debt funding, according to Crunchbase, which tracks investments in tech companies. FloatMe’s newest investors include local ...

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Stop the debt trap when you use payday loans

Payday loans are among the easiest loans to get, but they are also manipulative. In case of an urgent need for money, there is no doubt that you can get a loan quickly. However, if you’re not careful, you could end up in an endless cycle of debt. Your debt duration will be much longer due to the huge interest ...

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Koho Nets $210M for Alternative Payday Loans

Koho Financial, an online financial services provider, has raised $210 million in venture capital to expand its services to offer a new payday loan alternative in Canada, The Globe and Mail reported Tuesday (February 1). Koho’s mobile app offers a fee-free savings account and has grown its user base to over 500,000 since the pandemic. The app allows users to ...

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MFIs in America are raising the interest rate on online payday loans

If you need money but cannot borrow it from those close to you (relatives, friends, work colleagues, business partners), the only thing that will help is membership in one or the other loan program. This opportunity is really open to everyone, but at high interest rates. According to the well-known news outlet, most US MFIs will have to increase their ...

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How “payday loans” help wolves manage money

Wolves have received £23million in a loan secured against the future installments of Diogo Jota’s sale to Liverpool, helping Jeff Shi manage cash flow WOLVERHAMPTON, ENGLAND – JULY 15: Wolverhampton Wanderers Technical Director, Scott Sellars (L) and Wolverhampton Wanderers Executive Chairman Jeff Shi look on during a Wolverhampton Wanderers Pre-Season Training Session at Sir Jack Hayward Training Ground on July ...

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Governor, Lawmakers Shouldn’t Ignore Payday Loans | comment

In the first week of the 2022 legislative session, lawmakers introduced several bills that would lower New Mexico’s unscrupulous interest rate cap from 175 percent on small loans to 36 percent. But the Legislature won’t even be able to discuss such measures in the current 30-day session without an official “message” from Gov. Michelle Lujan Grisham. So far, the governor ...

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What you should know before renting

Payday loans tend to have very high interest rates and are often based on your income. Personal loans are long-term installment loans that typically have lower interest rates than payday loans. Payday loans are always a worse option than personal loans because of their high interest rates. Read more stories from Personal Finance Insider. Loading Something is loading. Taking out ...

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Using Payday Loans During COVID-19 Pandemic

On a normal day, paying bills can be quite a challenge for most individuals and households. Unfortunately, with the COVID-19 pandemic, the financial situation has worsened, emphasizing the need for most people to stock up on emergency cash. Payday loans give you access to short-term funds, albeit at a typically higher interest rate. Most payday loans are usually between $500 ...

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Are Payday Loans a Bad Idea?

Payday loans are a form of high cost unsecured borrowing where you borrow a relatively small amount of money until your next payday. If your boiler fails in the middle of winter or your car breaks down and you have no savings, a payday loan may be the only option. These same day online loan companies can be an enticing ...

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Topeka JUMP Holds Rally Against Payday Loans

TOPEKA, Kan. (WIBW) – As payday lenders can charge up to 391% interest in the Sunflower State, community leaders have called on Kansas lawmakers to change. According to Topeka JUMP, community members from local and state organizations rallied to call for reform of payday credit practices across the Sunflower State on Wednesday, Jan. 19. Kansans for Payday Loan Reform organized ...

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Capitol Drive Loans offers payday loans in Milwaukee, WI

Milwaukee, WI – The pandemic has created an environment of uncertainty and financial hardship, particularly for individuals in Wisconsin who have lost their jobs and experienced pay cuts/cuts. As things slowly return to normal, individuals/families still require basic necessities, medical bills and other urgent needs that cost money, a problem Capitol Drive Loans has in business to mitigate. Since its ...

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What you can expect when you take out payday loans

Payday loans are a convenient way to get quick cash when time is of the essence. Fees are higher than a traditional loan, but that’s the price you pay for quick and easy processing. Additionally, payday loans are short-term, low-value loans, so the higher interest rates are almost negligible. For example, if you get an online payday loan in Canada, ...

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“CashPlease”: Kleine Bank presents an alternative to payday loans

This week, Wells Fargo joined the list of big banks launching short-term lending products — and the much smaller OneUnited Bank in Boston unveiled its own version intended as an alternative to payday loans. OneUnited’s loan, called CashPlease, is designed to help the bank’s $635 million clients manage their cash flow without the hurdles and higher costs that some other ...

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Payday loans are a problem. Can a public bank be part of the solution?

When the coronavirus first posed a threat to Americans’ health and finances, Forest Park’s Tiffany Moore went to an installment lender for the first time in hopes of financial relief. The good news: She was approved for a $9,500 loan to offset a tenant on her property who couldn’t pay rent. The bad news: an interest rate of 35.989%. It ...

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What are Payday Loans? | Canstar

They’re called payday loans, small loans, cash advances, small loans, short term loans, and more, but the appeal of getting cash quickly this way can hide significant hidden fees and costs that will leave a lasting sting in your hip pocket. Sometimes life comes to a crisis and you need money quickly. Sometimes, despite your best efforts, you get behind ...

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Better alternatives to payday loans

MEMPHIS, Tenn. (WMC / CONSUMER REPORTS) – If you are having trouble paying your bills, you might consider a payday loan. But be careful! Despite some recent reforms, many of these loans still come with high fees and very high interest rates. The good news is that there are alternatives, and as Consumer Reports explains, all you have to do ...

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Why Do People Choose Online Fast Loans With Guaranteed Approval

A lot of people nowadays want instant loans online that have assured approval. They are simple to get. If you’re looking to get cash as quickly as you can and meet the urgent issue then you can count on quick loans. They can be found on the internet and therefore are extremely beneficial in every day life. It is easy to access via your ...

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Consumer Reviews: Alternatives to Payday Loans

Sent: 07/27/2021 / 3:14 PM EDT / Updated: 7/27/2021 / 5:31 PM EDT If you are struggling to pay your bills, you may be considering a payday loan. But be careful: despite some recent reforms, many of these loans still come with high fees and very high interest rates. The good news: There are alternatives – and as Consumer Reports ...

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Payday loans need to be limited | Letters to the editor

Payday loans are often advertised as “emergency aid,” but when you look at the data, nothing is further from the truth. On average, individuals in Minnesota using payday loans take out an average of 10 loans with an interest rate of 208%, which leaves them trapped in revolving payday debt for an average of five months per year. Payday loans ...

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Californians took out 40% fewer payday loans during a pandemic: Report

A super flower moon rises through low clouds over the city of San Diego, California, the United States, May 25, 2021. REUTERS / Mike Blake The total loan amount decreased by $ 1.14 billion in 2020 Reduction of part of a national trend that correlates with pandemic-related aid (Reuters) – Borrowers in California took out 40% fewer payday loans in ...

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Rated Upper Limits For Payday Loans In Michigan – 36% Work – Film Daily

The history of Michigan shows the limit of the payday loan. The law tried to limit the interest rate cap to 25%. In 2005, Michigan became the last state to allow payday loans at 340% APR or higher. But nowadays this state is in the list of states colored red on the credit card. When a customer submits a request ...

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Manchester City Council pledges to tackle the “scourge” of payday loan companies in the city

Manchester City Council has committed to cracking down on payday loan companies opening new stores on the city’s main streets. A motion aimed at combating the “scourge” of companies offering short-term loans with “penalty interest” was unanimously supported by city councils on Wednesday. City councilors will now take steps to prevent businesses or individuals from applying for building permits to ...

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More and more states are pushing for interest caps on payday loans

Small dollar short-term lenders who are not burdened by a federal rate limit can charge borrowers interest rates of 400% or more on their loans. But more states are lowering that number by setting interest rate caps to curb high-interest borrowing. For now, 18 states and Washington, DC, have laws that limit short-term lending rates to 36% or less, according ...

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Le Pen against “Wokism”: the wars of social justice are reshaping France

Napoleon Bonaparte is arguably the most famous Frenchman who ever lived. But this year, as the country commemorates the bicentenary of his death, a heated controversy rages over the emperor’s legacy. Despite his glories, detractors point to the darker side of the ledger: Napoleon destroyed the republic founded after the French Revolution, killed hundreds of thousands of soldiers in a ...

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As France considers reducing force in Sahel, jihadist threat increases

During a grueling, weeks-long mission in northern Mali, French soldiers faced a familiar threat: extremists trying to impose the same strict Islamic rule that preceded France’s military intervention here there. over eight years ago. The traumatized residents had scars on their shoulders and back from the lashes they suffered after failing to submit to jihadist rule. “We have witnessed the ...

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France tests a laser anti-drone system

The French military on Wednesday used a laser cannon to destroy a drone in a technology test that the government hopes will be used to protect the Paris 2024 Olympics. The Army Ministry said the test, conducted near the Atlantic coast in southwestern France, was a first for Europe, adding that the United States and Israel were also working on ...

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Coronavirus: Spanish tourism sector fears wave of cancellations from foreign visitors | Economy and business

Tourists arriving at the port of Barcelona on June 26.Albert Garcia Spain’s tourism sector is anxiously watching the surge in coronavirus cases across the country, raising fears of massive summer cancellations among foreign visitors. the Financial Time Wednesday published an article titled “Delta variant pushes Covid-19 rate in Spain to highest in continental Europe,” and some regional governments have reintroduced ...

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Why Payday Loans Are Dangerous

Süd_Agentur / Getty Images It’s hard to find yourself in a situation where you need money right now, but you are not alone. According to a study by the Global Financial Literacy Excellence Center at George Washington University, 42% of millennials have used methods like payday loans as a means of managing debt. See: What Not To Do When Trying ...

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Payday Loan Alternatives in Maryland

As one of the easiest methods to get a quick cash advance, payday loans are widely offered to the public. Exceptions are states in which the specific regulations for these loans apply. Such a situation is currently problematic for residents of Maryland. Still with some quality tips from Cashloansnearby in Ohio, you can make the most of the options available. ...

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Payday loans are for short term needs

share Tweet share share E-mail Payday loans can seem like lifesavers when you need cash quickly, but the high cost and short repayment periods can keep you trapped in a debt cycle. While there isn’t a proper definition of a payday loan, it is usually a short-term loan for a modest sum, usually $ 500 or less, that is payable ...

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7 Ways To Get Quick Cash In addition to Risky Payday Loans

EHStock / Getty Images / iStockphoto As COVID restrictions wear off, there are quite a number of people who itch to do a whole range of things that they have been denied to do for over a year. Unfortunately, tight budgets are not uncommon even with the new stimulus. Related: How to Make Money Fast: 19 Proven WaysContinue reading: 9 ...

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Can Payday Loans Become Obsolete? With $ 15 million more, Clair wants to find out – TechCrunch

The world seems to be moving faster every year, and yet nothing feels slower than the speed at which paychecks are distributed. In the United States, the day following a pay period, work takes two weeks to process, with a check or direct deposit a week or two later. For the tens of millions of employees who live from paycheck ...

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Covid, payday loans, student debt

The Consumer Financial Protection Bureau headquarters in Washington, DC JHVEPhoto | iStock Editorial | Getty Images The Consumer Financial Protection Bureau is expected to become a more aggressive consumer watchdog under the Biden administration and as the coronavirus pandemic poses financial challenges to millions of Americans. Consumer advocates say that under former President Donald Trump, the office has been almost ...

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