Department Of Defense Proposes New Rules To Close Loopholes On Abusive Practices In High Cost Loans To Service Members
FLACP applauds the Department of Defense for issuing proposed rules that protect service members from abusive practices in high cost loans. The rules cap interest rates at 36% for a wide range of high cost loans sold to service members and their dependents and also would limit mandatory arbitration in the contracts. “Payday lenders and others have taken advantage of every loophole imaginable to continue the reprehensible practice of offering loans at triple digit interest rates with abusive terms to our men and women in uniform,” said Tom Feltner, director of financial services, Consumer Federation of America. Read more about the rules here.
FLACP Board Member Lynn Drysdale named Consumer Protection Lawyer of the Year!
Lynn Drysdale, a veteran attorney of Jacksonville Area Legal Aid who teaches consumer law and lectures frequently regarding foreclosure and other consumer pocketbook issues, is the recipient of The Florida Bar’s 2014 Consumer Protection Lawyer of the Year Award.
“After serving on this committee for six years and having been a consumer attorney for many more than that, I am well aware of Drysdale’s work to further consumer law interests,” said John Yanchunis, the 2014 chair of the Consumer Protection Law Committee.
Wrote attorney Alice Vickers, the 2013 winner of the award, in nominating Drysdale:
“Lynn has been engaged in a high-level consumer protection practice for at least 25 years. Over the course of that time, she has handled simple and very complex litigation for low-income consumers, those most vulnerable who have suffered economic injustice. While continuously carrying a full case load at Jacksonville Area Legal Aid, she has managed, supervised, and mentored countless new JALA attorneys and law school interns. But she has also devoted hours to outside efforts, including years of legislative fights over title loans, payday loans, debt collection issues, foreclosure, and many more issues.” Read the full story here.
FLACP Presents Award To Florida Representative David Santiago
FLACP is proud to present an award to Rep. David Santiago in recognition of his support of consumers during the 2014 Florida Legislative Session. Rep. Santiago protected the Florida Consumer Collection Practices Act from changes that would have severely eroded consumer protections. Thank you Rep. Santiago!
The Florida 2014 Legislative Session ended with the legislature filing fewer bills and passing fewer bills than in years past. One of the most important issues for consumers was maintaining the protections provided under the Florida Consumer Collection Practices Act. We were successful in our efforts doing this and want to thank Rep. Santiago, bill sponsor, for his leadership in seeing that consumers were protected. Efforts to create a scheme around residential renter’s insurance failed. Crowdfunding legislation did not move in light of the SEC being in the midst of rulemaking on this issue – we expect to see this legislation return next year. You can read our full report under our “Legislative” link or here.
We are new! Florida Alliance for Consumer Protection started when a group of concerned Florida citizens joined together to create a statewide consumer protection and tenant rights advocacy nonprofit. With Florida poised to be the third most populated state in the nation, we felt our citizens needed a statewide organization dedicated solely to consumer protection and tenant rights. Though many organizations provide crucial support on these issues, for which we are grateful, we feel an organization focused on these issues is important for the future protection of Floridians.
What We Do
We are currently applying for our 501(c)(4) status as a nonprofit. We followed legislation during the 2014 Florida legislative session that will impact consumers and tenants. Follow us on Facebook for timely updates, as we start to use these tools to keep you informed.
As we grow, we hope to provide you with educational materials and other information to help all Floridians become smart consumers.