Let me make it clear about Preachers oppose pay day loan expansion
On Thursday, Florida faith leaders pressed forth a solitary message: payday financing expansion bills presently into consideration in Tallahassee (HB 857 and SB 920) are usury and really should be stopped.
Both bills look for to authorize yearly rates of interest of as much as 208 %, via compounding interest, for bigger loans along with longer terms compared to the pay day loans currently permitted under Florida law. Continue reading