Payday Loans

If you’re underbanked, that means you might receive financial services, like paycheck advances or a personal loan, but it's not from a bank or credit union. It's often more expensive alternatives like payday lenders, pawn shops and check cashiers.

Florida lawmakers are close to revising rules for consumer finance loans up to $25,000. The changes would allow payday lenders to charge borrowers interest rates up to 36 percent.

Payday loan providers are asking for more options and extended repayments. They argue it will give borrowers more flexibility but opponents say it’s a...

Florida could ease some of the restrictions now in place for so-called payday loans.Bills moving through the House and Senate would double the current…

Florida lawmakers have started moving forward with a proposal to revamp rules for the payday-loan industry, allowing customers to borrow larger amounts...