Florida battles federal government legislation of payday advances, pushes very own law as national model

Florida battles federal government legislation of payday advances, pushes very own law as national model

Whilst the customer Financial Protection Bureau embarks for a rule-making procedure that payday loan providers estimate will place 70 per cent of these industry away from company, a previous Florida lawmaker who had been instrumental in aiding the Sunshine State pass certainly one of toughest rules protecting customers from predatory financing is warning that the federal proposition is simply too heavy-handed, strips states of these legal rights and deprives customers of crisis financial products. (more…)

Continue Reading
Close Menu