Joint Statement: Politicians Attempt to Shield Florida’s Predatory Payday Lenders
“In late November, a bipartisan group of members from Florida’s congressional delegation filed a bill in the House of Representatives that would exempt the state’s payday loan industry from national rules aimed at ending abusive low-dollar lending. The bill would delay implementation of any rule for two years after it was issued and then exempt not only Florida but also other states that adopt Florida’s sham regulatory model.”