Concerned about predatory loan providers, Broward state authorities mentioned they will give consideration to offer employees emergency financing with reduced rates of interest.

Commissioners approved find bids from financial institutions exactly who might want to team up with Broward County, providing crisis debts all the way to $5,000 to staff members, including those with dismal credit rankings.

The region employs significantly more than 5,000 group, and union leader Dan Reynolds on the Federation of market Employees requested financing regimen 2 years before, making reference to some loan providers as “vultures.”

“individuals who live income to paycheck must not be rooked even though previous economic challenges, quick marketing, divorces or health trouble have gone them with blemished credit,” the guy composed in a page to district manager Bertha Henry.

Personnel emergency debts are offered because of the Broward region School Board, Leon and Seminole counties, the metropolitan areas of Fort Lauderdale and Dania coastline, as well as other governmental and nonprofit employers in Florida. Read more