Evidently Rep. Alcee Hastings didnвЂ™t obtain the memo that Florida progressives not any longer support the disastrous вЂњFlorida modelвЂќ of payday financing and are also rather supporting the CFPBвЂ™s proposed guideline to rein when you look at the worst abuses of the predatory industry. Simply the other day Reps. Debbie Wasserman Schultz and Patrick Murphy abandoned their help when it comes to вЂњFlorida modelвЂќ in benefit associated with CFPBвЂ™s approach.
Hastings Wrote Op Ed Bashing CFPB Proposed Rule to Rein in Worst Abuses of Payday LendersвЂ¦
Rep. Hastings Penned An Op Ed Saying The CFPB Rule вЂњWill Stop Use Of Short-term CreditвЂќ For Everyone In Need Of Assistance. вЂњThe customer Financial Protection Bureau (CFPB) recently announced a rule to better protect consumers from unscrupulous dollar that is small techniques. Continue Reading