Associated PressMay 4, 2020
8min270
Approximately 8.4 million U.S. households are unbanked.
Tag: payday loans
Associated PressMay 4, 2020
Drew WilsonFebruary 4, 2019
4min325
"We were there for federal employees then, and we'll be there for them in the future."
Staff ReportsFebruary 13, 2018
6min430
A measure to change the state’s payday-lending system before new federal government regulations kick in easily cleared a House panel Tuesday. The bill (HB 857) was approved by the Government Operations and Technology Appropriations Subcommittee. The only ‘no’ votes were from Tracie Davis, a Jacksonville Democrat, and Rene Plasencia, an Orlando Republican. Davis earlier had said […]
Ana CeballosJanuary 17, 2018
5min260
A House panel on Wednesday adopted a “strike-all” amendment to a bill that would change regulatory requirements governing the payday-lending industry, which consumer advocates criticize for creating “debt traps” for poor Floridians. The proposal would comply with new federal rules set last year by the Consumer Financial Protection Bureau last year meant to ensure lenders […]
Drew WilsonJanuary 17, 2018
9min321
The Senate Commerce and Tourism Committee voted unanimously Tuesday for a bill by Sen. Lauren Book (SB 376) that would include in the Worker’s Compensation Law benefits for first responders who sustain mental or nervous injuries such as PTSD in the line of duty. The forward momentum for the bill got the attention of CFO […]
Jim RosicaSeptember 26, 20174min459
A group of clergy is asking the Constitution Revision Commission to adopt a proposal capping payday loan interest rates at 30 percent per year. The proposed constitutional amendment was filed last Friday, records show, by Bishop Adam Jefferson Richardson Jr. of the African Methodist Episcopal Church. Proponents, who held a Tuesday news conference at the Capitol, […]
James CallFebruary 12, 20155min181
Rep. Heather Fitzenhagen was flanked by bankers, financial advisors, educators and a representative of the Junior League when she explained support was growing daily for a proposal to mandate a one-semester financial literacy course for high school graduation. Then in walked Rep. Alan Williams to demonstrate bi-partisan support for a proposal by Fitzenhagen and Sen. Dorothy Hukill. […]
Guest AuthorMarch 11, 20145min316
If you follow financial news like I do, you have probably seen recent coverage about payday loans and the problems they pose for our state’s poorest residents. Payday loans are viewed negatively. More often than not, consumers pay high interest rates and some struggle to repay the loan. Several years ago, I had a brief […]