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 payday advances throughout the decade that is last relating to 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 had been compensated on loans averaging almost $400. Continue reading Latinos, Blacks and seniors targeted for high price loans