Latest Research
Showing the Latest Florida Model Results
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Reality Check: Mulvaney Admits He’s Relying on His “Gut” (Rather Than Facts) in Payday Debate
Experts agree the Florida model does not offer strong consumer protections. In Fact, it allows payday lenders to trap consumers in cycles of debt featuring 300-400% interest rates.
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Now We Know Why Politicians Were Pushing Disastrous “Florida Model” of Payday Lending So Hard
Florida-based Amscot Financial, which has contributed almost $1 million to Florida politicians, was planning national expansion if CFPB adopted disastrous “Florida model.”
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Payday Industry Front Group’s “Voices of Support” Took at Least $492,000 from Payday Lenders
The elected officials listed by Floridians for Financial Choice as “Voices of Support” have accepted at least $492,300 in campaign contributions from the payday lenders.
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Florida Progressives Support CFPB’s Payday Reforms, Apparently Alcee Hastings Didn’t Get the Memo
Just last week Reps. Debbie Wasserman Schultz and Patrick Murphy abandoned their support for the “Florida model” in favor of the CFPB’s approach.
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Group Pushing “Florida Model” of Payday Lending Tied to Wasserman Schultz Spokesman’s Firm
Floridians for Financial Choice Appears to Be a Client of Sachs Media Group, the Same Firm Where Wasserman Schultz’s Spokesperson Serves As a Partner
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Payday Lending Front Group Ties Itself in Knots Defending Disastrous “Florida Model”
By their own calculations, a whopping 76% of consumers take out three or more predatory loans a year!
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EXPOSED: Face of New Payday Front Group Once Backed Reform, Then Lenders Started Giving Him Money
New pro-payday industry front group “Floridians for Financial Choice” is using former Rep. Kendrick Meek as its public face.
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A Florida Plan: How The Payday Lending Industry Bought Florida’s Political Establishment
Payday lenders have contributed more than $2.5 million to Florida candidates and political parties since 2009.
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Debbie Wasserman Schultz Struggles Under Tough Media Questioning Over Support for Payday Lenders
Wasserman Schultz nonsensically claims that Florida “could certainly have better” consumer protections against payday lenders but CFPB should use Florida as a model for other states.
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Reality Check: Lobbyist Misleads Readers in Op-Ed on Florida’s Weak Payday Lending Laws
The Florida model is a payday lender’s dream: riddled with loopholes and massive interest rates. Average borrower takes out 9 loans.