Category: Laws

20
Aug

How to Start a Florida Payday Loan Business

How to Start a Florida Payday Loan Business

For years, the State of Florida has enforced specific safe-harbor payday loan laws enabling Floridians to use a payday loan to solve a financial emergency when appropriate. The CFPB would like to take these products away and override the good work performed by the Florida State Legislature. Kendrick Meek, who wrote this piece, is a former U.S. Representative who represented Florida’s 17th Congressional District from 2003 to 2011. He previously served in the Florida House of Representatives from 1995 to 1998 and Florida Senate from 1998 to 2002.

Short-term loans: Providing solutions to financial bumps in the road

As an African-American growing up in the Liberty City section of Miami-Dade County, I saw many families endure financial hardship from time to time. Unfortunately, many of these families, when left with no other options, turned to dubious methods and sources for help getting over these temporary challenges. As often as not, the “solution” was worse…Continue Reading..

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01
May

Moneytree-Washington Payday Loan Laws

UPDATE ON WASHINGTON PAYDAY LOAN LAWS: A bill backed by Seattle-based Moneytree to reshape the state’s payday loan regulations and allow longer-term borrowing survived a contentious Senate debate but was not taken up by the House. Senate Bill 5899 would replace traditional two-week, high-interest consumer loans with “installment loans” that could extend – and accrue interest and monthly fees – over several months.

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