Concerned with predatory lenders, Broward County officials stated they’re going to start thinking about employees that are offering loans with reduced rates of interest.
Commissioners consented to look for bids from financial institutions whom might choose to form teams with Broward County, providing ace cash express payday loans california crisis loans as high as $5,000 to workers, including individuals with dismal credit reviews.
The county employs a lot more than 5,000 individuals, and union frontrunner Dan Reynolds regarding the Federation of Public Employees asked for a financial loan system 2 yrs ago, talking about some loan providers as “vultures.”
“those who reside paycheck to paycheck really should not be taken benefit of simply because previous challenges that are financial quick product product product sales, divorces or medical issues have gone these with blemished credit,” he published in a page to County Administrator Bertha Henry. Read More “Broward may offer crisis loans that are payday workers”