In a current piece, Drew J. Breakspear, commissioner of Florida’s workplace of Financial Regulation, misrepresented the pay day loan item to a unsettling degree, claiming that a brand new guideline help with because of the customer Financial Protection Bureau would really damage customers.
While we share Mr. Breakspear’s indicated concern for the wellbeing of Florida’s hardworking citizens, i need to highly disagree together with his summary.
Critique of payday loan providers is well-earned.