Media Advisory

Join Press Call: New Report on Florida’s Payday Lending Market Shows Florida Model Is Failing Borrowers

March 23, 2016

Contact:
Joseph Rendeiro
(202) 776-1566
jrendeiro@nclr.org

MIAMI—After years of going unregulated, the payday lending industry is set for much-needed changes when the Consumer Financial Protection Bureau (CFPB) issues a rule this spring designed to crack down on the predatory practices that trap borrowers in debt. Although some point to Florida’s payday lending regulations as a model for the federal rule, a new report from the Center for Responsible Lending (CRL) debunks those claims, showing that, in less than a decade, payday lenders have collected billions of dollars in fees from Floridians. Join CRL; NCLR (National Council of La Raza); Latino Leadership, Inc. and City of Doral Councilwoman Sandra Ruiz for a telephonic press briefing this Thursday. Experts will examine major findings in CRL’s analysis of ten years of data from Florida’s payday lending market and discuss how the CFPB’s forthcoming payday lending rule will safeguard borrowers and prevent them from falling into a debt trap.

To RSVP for Thursday’s call, please contact Joseph Rendeiro at jrendeiro@nclr.org.

MEDIA ADVISORY

WHAT:

 

Telephonic Press Briefing Examining Florida’s Payday Lending Market

WHO:

 

Councilwoman Sandra Ruiz, City of Doral, Fla.

  

Marucci Guzmán, Executive Director, Latino Leadership, Inc.

  

Delvin Davis, Senior Research Analyst, Center for Responsible Lending

  

Brandon Coleman, Policy Counsel, Center for Responsible Lending

  

Marisabel Torres, Senior Policy Analyst, National Council of La Raza

WHEN:

 

Thursday, March 24, 2016

  

11:00 a.m. EST

TO JOIN:

 

Call: (877) 876-9176

  

Conference ID: Payday

NCLR—the largest national Hispanic civil rights and advocacy organization in the United States—works to improve opportunities for Hispanic Americans. For more information on NCLR, please visit www.nclr.org or follow along on Facebook and Twitter.

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