Category Archives: Maryland payday loan

Latinos, Blacks and seniors targeted for high price loans

Latinos, Blacks and seniors targeted for high price loans

Payday Lenders Strip Florida Borrowers of $2.5 Billion in charges, Despite State Law

Contact: Joe Rendeiro jrendeiro@nclr.org 202-776-1566

MIAMI—Floridians have actually compensated significantly more than $2.5 billion in costs on high-cost pay day loans throughout the final ten years, in accordance with new research by the Center for accountable Lending (CRL). Further, within the most recently reported period that is one-year June 2014 through May 2015, over $311 million in costs ended up being compensated on loans averaging almost $400. These along with other findings from a written report entitled Perfect Storm: Payday Lenders Harm people Despite State Law refute present claims that the state that is existing has protected customers within the Sunshine State and really should be utilized as being a model for the nation. Continue reading

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