New pay day loan bill could save the industry. Or allow it to be more lucrative.

New pay day loan bill could save the industry. Or allow it to be more lucrative.

A bill in the Legislature that would result in bigger loans and higher fees is a gift to a predatory industry for critics of payday lenders.

At a glance, they might be appropriate. Floridians, mostly in bad communities, took out an astounding 7.7 million loans that are payday one year in 2016 and 2017. (more…)

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