Broward may offer crisis pay day loans to staff members

Broward may offer crisis pay day loans to staff members

Concerned about predatory lenders, Broward region officials mentioned they are going to give consideration to supplying staff members emergency debts with lower interest levels.

Commissioners approved look for estimates from financial institutions whom should team up with Broward region, offering disaster financial loans of up to $5,000 to staff, including people that have poor credit rankings.

The state uses over 5,000 group, and union frontrunner Dan Reynolds from the Federation of general public workers requested financing program 2 years back, talking about some loan providers as «vultures.»

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