Latinos, Blacks and seniors targeted for high price loans

Payday Lenders Strip Florida Borrowers of $2.5 Billion in costs, Despite State Law

Contact: Joe Rendeiro jrendeiro@nclr.org 202-776-1566

MIAMI—Floridians have actually compensated a lot more than $2.5 billion in costs on high-cost payday advances throughout the decade that is last based on brand brand brand new research because of the middle 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 ended up being compensated on loans averaging almost $400.