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Brand New Payday-Loan Rules Won’t Avoid Predatory Lenders. The proposed rules concentrate on determining capacity to spend the loans straight back.

Brand New Payday-Loan Rules Won’t Avoid Predatory Lenders. The proposed rules concentrate on determining capacity to spend the loans straight back. The proposed rules concentrate on determining power to back pay the loans. But really enforcing underwriting criteria is harder than enforcing particular item security guidelines. a borrower taking right out a $500 loan could …

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Florida Senate backs alterations in payday advances, employees’ comp

Florida Senate backs alterations in payday advances, employees’ comp TALLAHASSEE — Meeting in a uncommon saturday session, the Florida Senate authorized revamping laws for pay day loans and supported expanding workers’ settlement insurance coverage advantages for authorities and firefighters who suffer from post-traumatic anxiety condition. Senators voted 31-5 to pass through a measure (SB 920) …

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