Insta-Loophole: In Florida, High-Cost Lender Skirts the Law
Despite a ban on high-interest automobile name loans, the nation’s biggest name loan provider has exposed 26 Instaloan shops in Florida, providing a refashioned form of the loans that efficiently charge the exact same sky-high prices what the law states had been made to stop.
July 25, 2014, 9 a.m. EDT
Series: Debt Inc.
Lending and Collecting in the us
This story was co-published with all the Tampa Bay occasions.
When Florida lawmakers banned high-interest vehicle name loans in 2000, then-Gov. […]