In a piece that is recent Drew J. Breakspear, commissioner of Florida’s workplace of Financial Regulation, misrepresented the pay day loan item to a distressing level, claiming that an innovative new guideline help with by the customer Financial Protection Bureau would really damage customers.
I must strongly disagree with his conclusion while I share Mr. Breakspear’s expressed concern for the well-being of Florida’s hardworking citizens.
Critique of payday loan providers is well-earned.