Category Archives: Vermont Payday Loans

Payday lenders look for security in Tallahassee, solution costs.

Payday lenders look for security in Tallahassee, solution costs.

A bill that is proposed label lenders’ triple-digit rates of interest as “solution costs,” helping the businesses overcome state laws designed to prohibit outlandish interest levels.

Under attack from disgruntled customers, unhappy state regulators and customer advocates who compare these with loan sharks, payday loan providers would like a state legislation to safeguard their very profitable company in Florida.

They truly are advertising a bill that is proposed the Legislature that could turn their triple-digit rates of interest into “solution costs” and limit loans to 31 times with no extensions. Continue reading Payday lenders look for security in Tallahassee, solution costs.